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Vintage Energy Ltd. ( (AU:VEN) ) has issued an announcement.
Vintage Energy Ltd has finalized a formal Sale Agreement with Metgasco Limited to acquire Metgasco’s 25% stakes in the Southern Flank joint ventures ATP 2021 and PRL 211 for $5.9 million. This acquisition is part of Vintage’s strategy to reform its Southern Flank gas joint ventures, subject to certain conditions precedent being met, which could potentially strengthen its operational capabilities and market positioning.
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 a company operating in the energy sector, primarily focused on the exploration and production of oil and gas resources. The company is actively involved in joint ventures and strategic acquisitions to enhance its market position and expand its resource base.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.26M
See more insights into VEN stock on TipRanks’ Stock Analysis page.