Vintage Energy Ltd. ( (AU:VEN) ) has issued an announcement.
Vintage Energy Ltd has received joint venture approval for its Production Uplift Program aimed at increasing output from the Odin and Vali gas fields. However, the commencement of the program is delayed due to flooding in the Cooper Basin, which has affected road access. Despite the delay, production from the fields continues unaffected, although potential disruptions may require alternative transportation methods.
More about Vintage Energy Ltd.
Vintage Energy Ltd is a company operating in the energy sector, primarily focusing on gas production. It holds a 50% interest in the PRL 211 and ATP 2021 Joint Ventures, with other stakeholders being Metgasco Ltd and Bridgeport (Cooper Basin) Pty Ltd.
Technical Sentiment Signal: Buy
Current Market Cap: A$5.37M
For detailed information about VEN stock, go to TipRanks’ Stock Analysis page.