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Vintage Energy Ltd. ( (AU:VEN) ) has issued an update.
Vintage Energy Ltd has reported interim results from the second phase of its Production Uplift Program, focusing on the Toolachee Formation in the Vali gas field. While initial results show some gas flow, stable production has not yet been established. The company is optimistic about increasing gas flow rates as operations continue, with current production from the Southern Flank gas fields totaling 2.4 MMscf/d. The program remains within budget, and further work is planned to enhance production levels.
More about Vintage Energy Ltd.
Vintage Energy Ltd is an energy company involved in the exploration and production of natural gas. It holds a 50% interest in the PRL 211 and ATP 2021 Joint Ventures, focusing on gas fields in the Southern Flank region.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.35M
See more data about VEN stock on TipRanks’ Stock Analysis page.