Vintage Energy Ltd. · ASX:VEN
Vintage Energy — RIU Good Oil & Gas Energy Conference 2022
12 slides from Vintage Energy's conference presentation, Sep 6, 2022
Slide 1: Vali-2 well completion operations
For personal use only Vali-2 well completion operations RIU Good Oil & Gas Energy Conference Vali-2 Stimulation operations Michael Dodd - Executive Operations, Vintage Energy Ltd September 2022
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Vintage Energy Limited (“Vintage” or the “Company”), with the purpose of providing general information about the For personal use only Company. This presentation contains certain statements which may constitute “forward-looking statements”. Such stat
Slide 3: Vintage Energy: 3 key features
Vintage Energy: 3 key features For personal use only 1. Vintage is starting gas supply to eastern Australia soon ▪ Production and revenue from Vali gas field about to commence. 2. Vintage has uncontracted gas connected to, or close to, existing infrastructure ▪ 2P reserves (84% uncontracted) and con
Slide 4: Key asset overview
Key asset overview 3 current gas projects. Exploration acreage offering high chance of technical and commercial success. For personal use only 1 Vali gas project Exploration Cooper Basin 7 4 Cooper Basin 5 Otway Basin 6 2 Odin gas discovery 6 Galilee Basin Cooper Basin 2 1 Bonaparte Basin 7 4 3 Nang
Slide 5: Vintage Energy sales gas position
Vintage Energy sales gas position Contracted supply to AGL. Uncontracted gas available. Prospects in proven gas province. For personal use only Vali gas field ▪ 101 PJ 2P Reserves1 (Gross JV2 vol. Vintage share 50%) ▪ Being connected to Moomba system ▪ 85 PJ (gross) uncontracted 2P Reserves ▪ First
Slide 6: Vali & Odin fields
Vali & Odin fields Cooper Basin gas discoveries close to Moomba-connected infrastructure For personal use only Vali | Commercial gas field ▪ 3 wells cased and completed for production ▪ Vali-1 ST1 – flowed 4.3 MMscfd from the Patchawarra Formation and Tirrawarra Sandstone – confirmed gas pay in the
Slide 7: Vali gas project
Vali gas project Wells completed and being connected to commence supply to AGL For personal use only ▪ ATP 2021 JV contracted to supply an estimated 9 to 16 PJ in period to end-2026 ▪ GSA included $15 million prepayment from AGL to JV ▪ Multi-tier price structure including upside through escalation
Slide 8: Odin gas discovery
Odin gas discovery Preparing to bring a second gas field online For personal use only ▪ PRL 211 Joint Venture has prioritised expedited production from Odin-1 ▪ Independently certified Contingent Resource (2C) of 36 Bcf (gross) ▪ Concept engineering for connection of Odin-1 to Vali-Beckler pipeline
Slide 9: Nangwarry CO2
Nangwarry CO2 Resource size and quality capable of supporting multi-decade commercial CO2 supply For personal use only ▪ Nangwarry CO2 resource represents Nangwarry CO2 discovery (Gross joint venture )1 supply of > 1.4 million tonnes of CO2 CO2 Sales Gas (Bcf) Unrisked hydrocarbon Contingent ▪ Poten
Slide 10: Exploration
Exploration Acreage held in proven gas-producing provinces with low development costs For personal use only Bonaparte Basin Galilee Basin EP126 ATP 743, 744, 1015 Includes Cullen gas discovery (“Deeps”) 2 Albany-1 & Albany-2 gas wells Cooper Basin Otway Basin ATP 2021, PRL 211, PEP 171 PELA 679 Cove
Slide 11: FY23 principal events
FY23 principal events First production, cash flow. Prioritising Vali production and accelerating Odin production and appraisal. For personal use only Commencement of gas sales from Vali to AGL ▪ Gas supply to commence on well-by-well basis as completion, connection, construction and commissioning is
Slide 12: Concluding summary
Concluding summary For personal use only 1. Vintage is about to become a new gas supplier to eastern Australia ▪ Vintage is changing from an exploration company to a producer. ▪ Gas supply and first revenue is expected to flow in Q4 2022. 2. Vintage’s gas business has the ingredients required for mo
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