Manage episode 356531435 series 2701497
Vintage Energy (ASX: VEN) managing director Neil Gibbins joins Small Caps to discuss the landmark achievement of first gas production and revenue from the company’s Vali field in the Cooper Basin.
Discovered three years ago, the field is among the larger gas discoveries in the Cooper Basin in the past decade with independently certified proved and probable reserves of 101 petajoules of gas.
Up to 15% of these reserves are contracted under a supply deal with energy retailer AGL Energy (ASX: AGL) from production start-up until the end of 2026.
Vintage is also working to tie-in the Odin gas field, located about 7km from Vali, to the Vali-Beckler pipeline with production anticipated in the third quarter of calendar 2023.
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