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An update from Vintage Energy Ltd. ( (AU:VEN) ) is now available.
Vintage Energy Ltd announced the termination of the Farmout Agreement with Sabre Energy Pty Ltd for PELA 679 due to Sabre’s inability to secure funding. Vintage will continue to pursue a 100% interest in PELA 679, located in the Cooper Basin, pending a land access agreement with the Dieri Aboriginal Corporation and the South Australian government. The permit area is believed to have significant oil potential, with identified Jurassic and Permian plays, positioning Vintage strategically in a region analogous to successful oil fields.
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 operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is involved in acquiring interests in oil and gas permits, with a market focus on regions with significant hydrocarbon potential.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.35M
For a thorough assessment of VEN stock, go to TipRanks’ Stock Analysis page.