An update from Metgasco Ltd ( (AU:MEL) ) is now available.
Vintage Energy Ltd, a 50% interest-holder and operator of the PRL 211 and ATP 2021 Joint Ventures, has successfully completed flowline de-bottlenecking operations at its Southern Flank gas project, resulting in increased gas production rates. The operations have reduced back-pressure, allowing for a higher volume of gas recovery per well. The Odin-1 well has benefited from chemical injection to manage scale accumulation, leading to stable production rates and rectified metering interference. These improvements have set a positive foundation for the upcoming Production Uplift Program.
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Current Market Cap: A$5.1M
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