Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Noosa Mining Investor Conference 2022
24 slides from Vintage Energy's conference presentation, Nov 10, 2022
Slide 1: Bringing gas to eastern Australia in 2022
Vintage Energy Bringing gas to eastern Australia in 2022 Vali-2 Stimulation operations Noosa Mining Investor Conference 2022 Neil Gibbins, Managing Director
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 Company. This presentation contains certain statements which may constitute “forward-looking statements”. Such statements are only predic
Slide 3: Vintage Energy: 3 key features
Vintage Energy: 3 key features 1. Vintage is starting gas supply to eastern Australia soon ▪ Production and revenue from Vali gas field about to commence Trenching pipeline route from Vali Delivery of Fiberspar pipe spools 3 Presentation to Noosa Mining Conference 2022
Slide 4: Vintage Energy: 3 key features
Vintage Energy: 3 key features 1. Vintage is starting gas supply to eastern Australia soon 2. Vintage has uncontracted gas connected to, or close to, existing infrastructure ▪ 2P reserves (84% uncontracted) and contingent resources in the Cooper Basin Vintage Energy 2P gas reserves by contract statu
Slide 5: Vintage Energy: 3 key features
Vintage Energy: 3 key features 1. Vintage is starting gas supply to eastern Australia soon 2. Vintage has uncontracted gas connected to, or close to, existing infrastructure 3. Proven acreage, board & management team ▪ Acreage & assets in proven petroleum provinces ▪ Board & management team proven i
Slide 6: Key asset overview
Key asset overview 3 current gas projects. Exploration acreage offering high chance of technical and commercial success. 1 Vali gas project Exploration Cooper Basin 7 4 Cooper Basin 5 Otway Basin 6 2 Odin gas discovery Cooper Basin 2 1 4 6 Galilee Basin 7 Bonaparte Basin 3 Nangwarry gas resource Ons
Slide 7: Reserves and resources
Reserves and resources 51 PJ Proved and Probable Reserves. 65 PJ 2C Contingent Resource Proved and probable1 gas: Vali Contingent Resource1 Sales gas PJ Joint venture Vintage share Sales gas PJ Vintage share Contracted: base 9 4.5 Galilee Basin 46 Contracted: upside 7 3.5 Cooper Basin 19 Uncontracte
Slide 8: Vintage Energy sales gas position
Vintage Energy sales gas position Contracted supply to AGL. Uncontracted gas available. Prospects in proven gas province. Vali gas field ▪ Being connected to Moomba system ▪ First gas expected in Q4 2022 Odin gas field ▪ Odin-1 discovery well, 2021 ▪ Flowed 6.5 MMscfd on test ▪ Attracting enquiry fr
Slide 9: Vali gas project
Vali gas project Wells completed and being connected to commence supply to AGL ▪ ATP 2021 JV contracted to supply an estimated 9 to 16 PJ in period to end-2026 ▪ First gas expected December 2022 ▪ Multi-tier price structure: ‐ base supply volume, includes recovery of prepayment ‐ price upside throug
Slide 10: Odin gas discovery
Odin gas discovery PRL 211 JV has resolved to accelerate connection for sales in CY23 2-stage project to accelerate production ▪ Odin accelerated: initial fast track connection – 1.4 km fibrespar connection to Vali pipeline – temporary rental equipment solution to sidestep current long lead times in
Slide 11: Nangwarry CO2
Nangwarry CO2 Resource size and quality capable of supporting multi-decade commercial CO2 supply ▪ 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 ▪ Potential field life exceed
Slide 12: Exploration
Exploration Portfolio features a mix of proven gas producing provinces with high potential frontier acreage Galilee Basin Bonaparte Basin ATP 743, 744, 1015 EP126 (“Deeps”) Includes Cullen gas discovery 2 Albany-1 & Albany-2 gas wells Cooper Basin ATP 2021, PRL 211, PELA 679 Gas and oil targets Otwa
Slide 13: Near term events
Near term events First production, cash flow. Odin to bring a second stream on-line Commencement of gas sales from Vali to AGL ▪ Gas supply to commence on well-by-well basis as connection, construction and commissioning is finalised ▪ First gas sales to be made during commissioning phase Preparing f
Slide 14: Wrap-up
Wrap-up 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 more growth in the near future. ▪ Inc
Slide 15: Thank You
Vintage Energy Bringing gas to eastern Australia in 2022 Thank You Vali-2 Stimulation operations Noosa Mining Investor Conference 2022 Neil Gibbins, Managing Director
Slide 16: Appendices
Appendices we VINTAGE ENERGY
Slide 17: Share information
Share information Key figures Shares on issue1 million 746.7 Shareholders by type As at 30 September 2022 Market capitalisation1 $ million 65 Cash2 $ million 10.2 Private Net cash2 $ million 0.2 12 month high cents per share 13.0 70.0% 18.5% Aust insitutions 12 month low cents per share 7.0 Foreign
Slide 18: Vali & Odin fields
Vali & Odin fields Cooper Basin gas discoveries close to Moomba-connected infrastructure 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 lower Nappamerri Group
Slide 19: Cooper Basin: ATP 2021 and PRL 211
Cooper Basin: ATP 2021 and PRL 211 Farm-in, operatorship, gas discoveries and gas contracting 2019: Vintage farms into ATP 2021 and PRL 211 ▪ Prospectivity ▪ Alignment with Vintage experience and relationships ▪ Proximity to infrastructure 2020: Vali-1 gas discovery and flow test 2021: Successful ap
Slide 20: Galilee Basin
Galilee Basin PCA’s 319 – 324 (“Deeps”) (Vintage 30%, Comet Ridge Ltd (“Comet”) 70% and operator) ▪ 15 year Potential Commercial Areas (PCA’s) awarded Sept ‘22 in lightly explored gas province, in proximity to market and proposed Galilee-Moranbah pipeline ▪ Vintage farmed-in to the ‘Deeps’ sandstone
Slide 21: Otway Basin
Otway Basin Nangwarry-1 CO2 discovery and lightly explored gas prospective acreage in the Penola Trough Nangwarry (Vintage 50%, Lakes Blue Energy 50% and Operator) ▪ CO2 resource (>90% CO2 independently assessed as 25.9 Bcf (gross joint venture; Vintage share 12.9 Bcf) ▪ Excellent feedstock for food
Slide 22: Bonaparte Basin
Bonaparte Basin EP126 Vintage Energy 100% ▪ Potential in multiple play types ▪ Acquired for nil consideration and acceptance of P&A of Cullen-1 if required (recognised on balance sheet) ▪ On-site work suspended pending resolution of discussions with the Northern Territory Government in relation to t
Slide 23: Finance & funding
Finance & funding Vintage is fully funded to first gas production ▪ Cash at 30 September 2022 : $10.2 million ▪ PURE Finance facility: $10 million (fully drawn) PURE Finance Facility ▪ $10 million in 2 tranches subject to conditions precedent ▪ Term is 48 months from first draw-down which occurred i
Slide 24: Board
Board Chairman Managing Director Director Director Reg Nelson Neil Gibbins Nick Smart Ian Howarth Reg Nelson has a distinguished career in the Neil Gibbins has over 35 years of technical Nick Smart has over 40 years of corporate Ian Howarth created Collins Street Media, one of Australian petroleum i
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