Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Shareholder Meeting (November 2023)
14 slides from Vintage Energy's shareholder meeting presentation, Nov 29, 2023
Slide 1: Annual General Meeting 2023
29 NOVEMBER 2023 ANNUAL For personal use only GENERAL MEETING 2023
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: Welcome, quorum and opening of meeting
Reg Nelson – Chairman For personal use only Welcome, quorum and opening of meeting
Slide 4: Chairman's address
Reg Nelson – Chairman For personal use only Chairman’s address
Slide 5: Operational update
Neil Gibbins - Managing Director For personal use only Operational update
Slide 6: Operational and commercial milestones in last 12 months
Operational and commercial milestones 2 fields come online and additional gas sales agreements in last 12 months ▪ Inaugural Vali production Feb 2023 For personal use only - within 3 years of discovery - first production and revenue within 4.5 years of float ▪ Odin gas sales agreement, May 2023 and
Slide 7: Cooper Basin gas operations
Cooper Basin gas operations Vintage operated. Production appraisal supported by long term gas contracts For personal use only Location within Cooper Basin PRL 211 and ATP 2021 PRL 211 and ATP 2021 ▪ 2 producing gas fields ▪ Connected to Moomba processing facility ▪ Appraisal production with gas supp
Slide 8: Vali gas project completed wells
Vali gas project 3 completed wells. Appraisal production from different formations. ▪ 3 completed wells plus separation and metering facility For personal use only ▪ “Appraisal via production” with revenue from AGL GSA ▪ Accumulating data and reservoir understanding to inform field development plan
Slide 9: Odin: production from single well, Odin-1
Odin Production from single well, Odin-1 since September Odin-1 well For personal use only ▪ Odin-1 discovered gas pay in Toolachee, Epsilon and Patchawarra formations ▪ Odin-1 completed to produce from Toolachee and Epsilon Formations. Stimulation not required ▪ Currently producing ~ 5 MMscf/day ra
Slide 10: Nangwarry CO2
Nangwarry CO2 Resource size and quality capable of supporting multi-decade commercial CO2 supply For personal use only Nangwarry (Vintage 50%, Lakes Blue Nangwarry CO2 discovery (Gross joint venture )1 Energy 50% and operator) CO2 Sales Gas (Bcf) Unrisked hydrocarbon Contingent ▪ CO2 resource indepe
Slide 11: Otway Basin
Otway Basin Lightly explored gas prospective acreage in the Penola Trough PEP 171 For personal use only ▪ Victorian flank of Penola Trough, reopened for exploration July 2021 ▪ 5-year permit term, renewable ▪ Prospective for gas, as shown by South Australian Penola Trough production ▪ Preparing for
Slide 12: Galilee Basin
Galilee Basin PCA’s 319 – 324 (“Deeps”) (Vintage 30%, Comet Ridge Ltd (“Comet”) 70% and operator) For personal use only ▪ Vintage farmed-in to the ‘Deeps’ sandstone reservoir sequence of ATP 744, ATP 743 & ATP 1015 (all strata commencing underneath the Permian coals (Betts Creek Beds or Aramac coals
Slide 13: Operational update concluding summary
Operational update concluding summary For personal use only 1. Vintage is now in its first full year of production revenue and cash generation. 2. Odin has substantially increased the run rate of our production and sales. This uplift will become apparent from the current quarter on. 3. Operational f
Slide 14: Closing
For personal use only Closing