Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Shareholder Meeting (November 2024)
23 slides from Vintage Energy's shareholder meeting presentation, Nov 20, 2024
Slide 1: Annual General Meeting 2024
20 NOVEMBER 2024 ANNUAL GENERAL MEETING 2024
Slide 2: Important notice and disclaimer
Important notice and disclaimer Summary information This presentation has been prepared by Vintage Energy Limited (“Vintage” or the “Company”), with the purpose of providing general information about the Company as at 19 November 2024. This presentation does not purport to be all inclusive or to con
Slide 3: Important notice and disclaimer
Important notice and disclaimer Future performance This presentation includes both information that is historical in character and information that consists of forward-looking statements. Forward-looking statements are not based on historical facts, but are based on current expectations of future re
Slide 4: Welcome, quorum and opening of meeting
Reg Nelson – Chairman Welcome, quorum and opening of meeting
Slide 5: Chairman's address
Reg Nelson – Chairman Chairman’s address
Slide 6: Operational update
Neil Gibbins - Managing Director Operational update
Slide 7: Since last year's AGM...
Since last year’s AGM... Significant events in last 12 months 1 First full year of gas production 7 AGM | 20 November 2024
Slide 8: Since last year's AGM...
Since last year’s AGM... Significant events in last 12 months 2 1 Drilling success First full year of gas Odin-2 production 8 AGM | 20 November 2024
Slide 9: Since last year's AGM...
Since last year’s AGM... Significant events in last 12 months 2 1 Drilling success First full year of gas Odin-2 production 3 Oil opportunity farm out 9 AGM | 20 November 2024
Slide 10: Since last year's AGM...
Since last year’s AGM... Significant events in last 12 months 2 1 Drilling success First full year of gas Odin-2 production 3 4 Oil opportunity Vali-Odin farm out work program 10 AGM | 20 November 2024
Slide 11: Since last year's AGM...
Since last year’s AGM... Significant events in last 12 months 2 1 Drilling success First full year of gas Odin-2 production 3 4 Oil opportunity Vali-Odin farm out 5 2nd well brought work program online at Odin 11 AGM | 20 November 2024
Slide 12: Since last year's AGM...
Since last year’s AGM... Significant events in last 12 months 2 6 Drilling success Merger 1 First full year of gas Odin-2 Implementation Deed production 3 4 Oil opportunity Vali-Odin farm out 5 2nd well brought work program online at Odin 12 AGM | 20 November 2024
Slide 13: Since last year's AGM...
Since last year’s AGM... Significant events in last 12 months 2 6 Drilling success Merger 1 First full year of gas Odin-2 Implementation Deed production 7 2P Reserves up 45% 3 4 Oil opportunity Vali-Odin farm out 5 2nd well brought work program online: Odin 13 AGM | 20 November 2024
Slide 14: First full year of production
First full year of production Vali and Odin both completed 12 months of operation • Vali came online Feb 23 ‐ appraisal production supplying AGL ‐ Vali-1 producing reliably of ~ 1 MMscf/d ‐ Vali-2 and Vali-3, shut in pending resolution of fluid production issues ‐ Installed facilities working well,
Slide 15: Odin appraisal drilling
Odin appraisal drilling Odin-2 maintained Vintage 100% drilling success rate in southern flank of Nappamerri Trough • Odin-2 successfully appraised north- eastern extent of Odin gas field • Gas pay in primary targets of Toolachee, Epsilon and Patchawarra Formations • Completed and connected in Septe
Slide 16: Oil opportunity: south-west Cooper Basin
Oil opportunity: south-west Cooper Basin PELA 679 subject to title award. Farm down from 100% to 50% agreed PELA 679 Cooper Basin location • Located south-west of producing Worrior oil field • Vintage's gazettal bid successful with grant contingent on completion of land access agreement • Agreement
Slide 17: Oil opportunity in Southern Flank, Nappamerri Trough
Oil opportunity in Southern Flank, Nappamerri Trough Drill ready targets, good oil shows at Vali and over 20 closures mapped in ATP 2021 • Highly prospective area for oil • ~11 MMbbls of oil production at Dullingari • Oil production from Roseneath, and recovery from Epsilon-5, to the south • Oil rec
Slide 18: Vali and Odin field work and Odin-2 connection
Vali and Odin field work and Odin-2 connection Production optimisation, additional wells and formations brought online Odin Odin-1 Odin gas field • Production optimisation initiatives Raw gas mmscf/d investigated and confirmed scale presence downhole • Immediate improvement in production following s
Slide 19: Vintage and Galilee assets
Vintage and Galilee assets Combined portfolio covers most onshore eastern sedimentary basins supplying gas 1 Cooper Basin • Odin & Vali gas fields 1 Glenaras gas project 5 • Appraisal production • 2,500 PJ 2C CSG resource • Gas supply contracts • Transport MOU (non-binding) • Gas and oil exploration
Slide 20: Reserves
Reserves Proved and Probable Reserves increased 45%1 • 2P reserves increased from 8.6 MMboe to 12.6 Mmboe Proved and Probable Reserves as at 30 June1 • Includes independent assessment of Odin and Vali as at 30 June MMboe 2024 14 • Conversion of Odin Contingent Resource responsible for increase • Sal
Slide 21: Other assets
Other assets Portfolio features a mix of proven gas producing provinces with high potential frontier acreage Galilee Basin Bonaparte Basin ATP 743, 744, 1015 EP 126 (“Deeps”) Includes Cullen-1 well 2 Albany-1 & Albany-2 gas wells Cooper Basin ATP 2021, PRL 211, PELA 679 Otway Basin Gas and oil targe
Slide 22: Wrap-up
Wrap-up Snapshot • Work program for past 12 months has: ‐ increased year-end reserves; and ‐ lifted gas production rates from October 24 • Near term work program to focus on consolidating operational gains for production and cash generation from existing footprint: ‐ Odin ‐ Vali-2 • Vintage-Galilee
Slide 23: Closing
Closing a VINTAGE ENERGY