Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Shareholder Meeting (November 2025)
18 slides from Vintage Energy's shareholder meeting presentation, Nov 19, 2025
Slide 1: Annual General Meeting 2025
ANNUAL GENERAL MEETING 2025 19 November 2025 For personal use only
Slide 2: Important notice and disclaimer
Important notice and disclaimer For personal use only 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 2025. This presentation does not purport to be a
Slide 3: Important notice and disclaimer
Important notice and disclaimer For personal use only 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 exp
Slide 4: Welcome, quorum & opening of meeting
For personal use only Welcome, quorum & opening of meeting Reg Nelson | Chairman
Slide 5: Chairman's address
For personal use only Chairman’s address Reg Nelson
Slide 6: Managing Director's presentation
Managing Director’s presentation For personal use only Our southern flank operations: Status, plans and opportunity Neil Gibbins
Slide 7: Vintage's Southern Flank: a significant & under-developed resource
Vintage’s Southern Flank: a significant & under-developed resource Southern Flank assessment reveals high profitability and high prospectivity 2P Gas Reserves 2P reserves1 141 PJ gross gas For personal use only PJ Existing gas contracts AGL, ENGIE Developed, Uncontracted 2P Gas >120 PJ gross connect
Slide 8: Southern Flank location
Southern Flank location Proven gas & oil province between highly productive regions in South Australia & Queensland For personal use only ▪ Lightly explored and developed region between Ballera Gas Plant (Queensland) and Dullingari satellite (South Australia) ▪ Connected to Moomba gas plant by Vinta
Slide 9: Odin and Vali drilling results
Odin and Vali drilling results Multiple gas bearing zones, oil prospectivity For personal use only ▪ Odin-1 identified 3 gas bearing zones - Epsilon, Toolachee and Patchawarra formations - flowed gas at 6.5 MMscfg/d from Epsilon and Toolachee1 - oil indications in higher sections ▪ Vali wells all id
Slide 10: Vintage Southern Flank gas fields
Vintage Southern Flank gas fields Established production from Odin and Vali pipeline connection to Moomba processing plant ▪ Appraisal production under supply contract to AGL & ENGIE For personal use only Gas Supply Contracts Production & supply ▪ Supplied 0.75 PJ in FY 25 (Gross, Vintage share 50%)
Slide 11: Vali discovery – Spur for new activity in the Southern Flank
Vali discovery – Spur for new activity in the Southern Flank Drilling in the Southern Flank intensified following Vali-1 including new discoveries For personal use only Wells drilled by Santos – operated JV in Recent activity includes: Drilling around ATP 2021 pre- & post Vali-1 ATP 2021 vicinity ▪
Slide 12: Joint venture
Joint venture Vintage is facilitating JV renewal to expedite value creation from Southern Flank gas For personal use only ▪ Divestiture of JV interests is occurring ATP 2021 and PRL 211 Buy out of existing JV ▪ Vintage holds rights to acquire Vintage Energy (Operator) 50% partner stakes ▪ HoA with M
Slide 13: Taking Odin-Vali focus from appraisal to production
Taking Odin-Vali focus from appraisal to production Transition from aggressive appraisal to simpler focus on best zones, payback and cost For personal use only Aggressive appraisal Findings Production & cash flow focus ▪ Good and reliable flow from Vali-1 Maximum information from Design, timing & fo
Slide 14: Gas production well plans
Gas production well plans Wells planned to bring additional gas into supply to existing supply contracts For personal use only ▪ 2 additional wells on each of Odin and Vali gas fields ▪ To enable production and sale of currently undeveloped gas to existing customers ▪ Odin temporary facility to be c
Slide 15: Oil exploration
Oil exploration Option of two drill ready targets, selected from over 20 closures mapped in ATP 2021 ▪ Two drill-ready oil exploration targets identified For personal use only ▪ Altar (gas and oil target) and Thaldra covered by 3D seismic ▪ Rapid development: estimated time to production from succes
Slide 16: Expenditure management
Expenditure management Sustained reduction in Vintage costs For personal use only Quarterly cash expenditure on staff, admin & corporate costs $’000 1,400 1,161 1,070 928 875 Sep 24 Dec 24 Mar 25 Jun 25 Sept 16 AGM | 19 November 2025
Slide 17: Taking the Southern Flank forward
Taking the Southern Flank forward Established production from Odin and Vali pipeline connection to Moomba processing plant For personal use only 1. The Southern Flank is now a significant element of Cooper Basin gas supply that has attracted increased drilling and investment since the Vali discovery
Slide 18: Closing
For personal use only Closing