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Vintage Energy Ltd. ( (AU:VEN) ) has provided an update.
Vintage Energy Ltd has initiated its Production Uplift Program at the Odin and Vali gas fields, aiming to enhance gas production through measures such as addressing potential scale accumulation and opening additional production intervals. The program is expected to increase raw gas production significantly, with operations scheduled to conclude by early September, potentially impacting the company’s market position and providing a quick cash payback.
More about Vintage Energy Ltd.
Vintage Energy Ltd operates in the energy sector, focusing on the exploration and production of natural gas. The company holds a 50% interest in the PRL 211 and ATP 2021 Joint Ventures and sells gas into the south-east Australian energy market under long-term contracts.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.35M
For a thorough assessment of VEN stock, go to TipRanks’ Stock Analysis page.