Vintage Energy Ltd. (AU:VEN) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Vintage Energy Ltd has reported a significant increase in its net proved and probable reserves, with a 45% boost to 12.6 million barrels of oil equivalent (MMboe) as of June 30, 2024, largely due to the Odin gas field coming online. Sales gas and ethane comprise the majority of these reserves, totaling 70.9 petajoules, reflecting a similar 45% growth. However, there was a decrease in net contingent resources, down by 19 PJ from the previous year.
For further insights into AU:VEN stock, check out TipRanks’ Stock Analysis page.