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Vintage Energy Ltd. ( (AU:VEN) ) has provided an update.
Vintage Energy has confirmed that Metgasco shareholders have approved the sale of Metgasco’s 25% interests in the Southern Flank joint ventures ATP 2021 and PRL 211 to Vintage, satisfying a key condition of the previously announced sale agreement between the two ASX-listed companies. While completion of the transaction remains subject to remaining conditions precedent, the shareholder endorsement marks a significant step toward consolidating Vintage’s position in these Queensland and South Australian permits, potentially strengthening its operational control and future growth prospects in the region’s energy developments.
The most recent analyst rating on (AU:VEN) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Vintage Energy Ltd. stock, see the AU:VEN Stock Forecast page.
More about Vintage Energy Ltd.
Vintage Energy Ltd is an Australian-listed energy company involved in exploration and production of oil and gas assets, with a focus on joint venture interests such as the Southern Flank projects ATP 2021 and PRL 211.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.35M
See more insights into VEN stock on TipRanks’ Stock Analysis page.