Vintage Energy Ltd. (AU:VEN) has released an update.
Metgasco Ltd, in partnership with Vintage Energy Ltd and Bridgeport Cooper Basin Pty Ltd, is set to enhance gas production in the Cooper Basin with the completion of Odin-2 well and optimization of Odin-1 and Vali-2 wells in July. The Odin-2 well has shown promising gas reserves across multiple formations, and the company aims to boost output by revisiting existing wells for potential re-perforation. This development is crucial as gas from the Odin wells is contracted for supply to Pelican Point Power until December 2026.
For further insights into AU:VEN stock, check out TipRanks’ Stock Analysis page.
