Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Shareholder Meeting (November 2022)
16 slides from Vintage Energy's shareholder meeting presentation, Nov 22, 2022
Slide 1: Annual General Meeting 2022
Annual General Meeting 2022 22 November 2022 For personal use only
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: Welcome, quorum and opening of meeting
For personal use only Reg Nelson – Chairman Welcome, quorum and opening of meeting
Slide 4: Chairman's address
For personal use only Reg Nelson – Chairman Chairman’s address
Slide 5: Operational overview with a focus on Cooper Basin gas
For personal use only Neil Gibbins - Managing Director Operational overview with a focus on Cooper Basin gas
Slide 6: Vali background
Vali background An opportunity where prospectivity, location and opportunity aligned with Vintage expertise For personal use only • August 2019: Vintage farms into ATP 2021 • November 2019: Vintage farms in to PRL 211 • Acreage was: – underexplored – proven to produce gas discoveries – well located
Slide 7: From farmin to gas contract, under years
From farmin to gas contract, under 3 years Commercial gas discovery. 4 successes in 4 wells. For personal use only 2019: Vintage farms into ATP 2021 and PRL 211 2020: Discovery – Vali-1 ST1; flows 4.3 MMscfd from Patchawarra and Tirrawarra 2021: Successful appraisal, new discovery and Heads of Agree
Slide 8: Current status: Vali
Current status: Vali Impacted by November rain. Trenching completed. Export pipe being laid. Concrete footings being For personal use only placed for facility equipment installation. 8 AGM | 22 November 2022
Slide 9: Vali and Odin infrastructure
Vali and Odin infrastructure Facilities currently being installed at Vali, Odin to connect through 2 stages: Accelerated and Long Term For personal use only Vali and Odin gas fields and facilities Vali field facilities • Vali infrastructure includes metering, dewatering, pipeline to Moomba gas gathe
Slide 10: Gas contracted and available for sale
Gas contracted and available for sale 84% of Vali’s 100 PJ 2P gross gas reserves are available for new contracts. Odin gas going to market. For personal use only • AGL has contracted supply to end 2026 from Vali Proved and probable1 gas: Vali • Volume estimated to total 9 PJ to 16 PJ gross Sales gas
Slide 11: Near term expectations
Near term expectations Appraisal by production to inform full field development and further marketing at Vali Connection project and marketing for Odin gas For personal use only Vali Appraisal Through Production Full field development plan • Cash flow generation • Identifies best value pathway • Pro
Slide 12: Longer term Cooper Basin expectations
Longer term Cooper Basin expectations* Building the foundation for a larger gas supply operation For personal use only Vali Vali and Odin gas fields and facilities • Full field development plan implementation and flow on for marketing and production • GSA linkage to CPI provides revenue protection f
Slide 13: 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 Resourc
Slide 14: Other exploration opportunities
Other exploration opportunities Portfolio features a mix of proven gas producing provinces with high potential frontier acreage For personal use only Galilee Basin Bonaparte Basin ATP 743, 744, 1015 EP 126 (“Deeps”) Includes Cullen gas discovery 2 Albany-1 & Albany-2 gas wells Cooper Basin ATP 201,
Slide 15: Wrap up
Wrap up Set to transition to producer. Expanding our production, contract base and activities in 2023 For personal use only • Vintage is set to make the transition to production and cash flow • Vali production and marketing will be managed to identify and deliver the best value generation solution f
Slide 16: Closing
For personal use only Closing