Vintage Energy Ltd. · ASX:VEN
Vintage Energy — RIU Good Oil Conference 2021
21 slides from Vintage Energy's conference presentation, Sep 8, 2021
Slide 1: Transitioning to a gas producer
SEPTEMBER 2021 Transitioning to a gas producer
Slide 2: Vintage Energy: Three Growth Projects
Vintage Energy Active operational period delivering success through the drill bit; 100% success from wells drilled • Oil and gas exploration and appraisal success – Four Cooper Basin gas wells (two exploration) – One onshore Otway Basin CO2 gas well Three Growth Projects • Management and technical s
Slide 3: Quality portfolio of permits
Quality portfolio of permits Geographically diverse and gas focused portfolio; cash flow anticipated in H1 2021 • Growing, multi-permit, • Multiple oil and gas Bonaparte footprint play types in Basin • ATP 2021: Commercial frontier region Cooper / gas field proven at Vali Eromanga • PRL 211: Odin-1
Slide 4: Operational excellence delivering catalysts
Operational excellence delivering catalysts Discussions well advanced for non-equity funding options for upcoming operational and infrastructure projects Vali Field gas discovery with drilling Vali Field independent of Vali-1 ST1 exploration well reserves update Vali-2 and Vali-3 appraisal wells Odi
Slide 5: Three gas fields discovered
Three gas fields discovered Three successful exploration wells and two successful appraisal wells VALI FIELD VALI FIELD ODIN FIELD NANGWARRY FIELD Vali-2 appraisal well Vali-1 ST1 exploration well Odin-1 exploration well Nangwarry-1 exploration Gas shows in Toolachee and Patchawarra formations Inter
Slide 6: Projected eastern and south-eastern gas production vs demand
Projected eastern and south-eastern gas production vs demand New gas discoveries required to ease dependence on production from ‘undeveloped 2P Reserves’ and ‘anticipated developments’ to meet forecast demand Forecast east coast gas supply vs 2019 demand • Federal Govt has identified gas companies a
Slide 7: Cooper / Eromanga Basin
Cooper / Eromanga Basin —_u VINTAGE ENERGY
Slide 8: Building a sizeable footprint in the Cooper Basin
Building a sizeable footprint in the Cooper Basin Acquiring permits with familiar geology for best chance of success • Total acreage position of 862.8 km2 ATP 2021 • Farm-in for 50% and operatorship (July 2019) • Three successful wells (Vali-1 ST1, Vali-2 and Vali-3) • Vali-1 ST1 fracture stimulated
Slide 9: Cooper / Eromanga Basins – Southern Flank (ATP 2021)
Cooper / Eromanga Basins – Southern Flank (ATP 2021) Vali-1 ST1 extended flow test at 4.3 MMscfd through 36/64” choke at 942 psi wellhead pressure • Vintage 50% and operator (Metgasco Ltd 25%, Bridgeport Cooper Basin Pty Ltd 25%) • Vali-1 ST1 the first operated well for Vintage with a two-day extend
Slide 10: Cooper / Eromanga Basins – Southern Flank (ATP 2021)
Cooper / Eromanga Basins – Southern Flank (ATP 2021) Reserves increase anticipated due to Toolachee net gas pay identified in Vali-2 • Prior to drilling Vali-2 and Vali-3, ERCE independently certified Vali Field 2P Reserves1 of 33.2 PJ (gross) • Increase to Reserves expected as reserves only reflect
Slide 11: Vali Field forward plans
Vali Field forward plans Excellent appraisal drilling results provide optionality • Flow test results at Vali-1ST1, along with field and analogue well data analysis, indicate ~5 MMscfd raw gas initial rate and ~5 Bcf of raw gas per well for the Patchawarra Formation • Vali-2 and Vali-3 prove up addi
Slide 12: Cooper / Eromanga Basins – Southern Flank (PRL 211)
Cooper / Eromanga Basins – Southern Flank (PRL 211) Odin-1 cased for production with gas shows in Toolachee, Epsilon and Patchawarra formations • Vintage (operator with 42.5%), Bridgeport CB (21.25%) and Metgasco (21.25%) free carry Impress Energy (15%) • Odin-1 exploration well cased as a gas disco
Slide 13: Otway Basin
Otway Basin —_u VINTAGE ENERGY
Slide 14: Otway Basin
Otway Basin Nangwarry-1 CO2 discovery potentially capable of commercial production over 30+ years PRL 249 (exPEL 155) • Nangwarry CO2 discovery • Successful well testing flowed CO2 at stabilised rate of 10.5-10.8 MMscfd • Possible production for 30+ years • Potential for reliable source of food grad
Slide 15: Nangwarry Field commercialisation
Nangwarry Field commercialisation Production to replace recently decommissioned Caroline-1 well • Discussions with multiple parties regarding food grade CO2 offtake • Cost of facility expected to be $25-30 million • Capacity of up to 150 tonnes per day, with facility positioned next to well • No fur
Slide 16: Other permits
Other permits —_u VINTAGE ENERGY
Slide 17: Perth Basin – Oil potential
Perth Basin – Oil potential Equity interest in Cervantes oil prospect and option to drill a second structure • L14, located within the Perth Basin, is a 39.8 km2 production licence granted over the Jingemia oilfield and surrounds Farm-in structure • Binding farm-in agreement executed for 30% of the
Slide 18: Perth Basin – Oil potential
Perth Basin – Oil potential Adjacent to the 12 MMbbl oil in place Jingemia oil field (over 4.6 MMbbl produced to date) • Cervantes structure located in a gap between the oil discovery trend of the Hovea, Jingemia and Cliff Head oil fields – High-side fault trap of multiple reservoir units (similar s
Slide 19: Other permits
Other permits Galilee Basin – ATPs 743, 744, 1015 (“Deeps”) • Underexplored and areally extensive permits of more than 9,000 km2 • Albany Field is a large robust anticlinal structure over 61 km2 • Targeting Lake Galilee Sandstone, with potential follow up wells • Potential for additional structures
Slide 20: In summary
In summary Three key growth projects; near-term production and cash flow expected from Vali/Odin (Cooper Basin) and Nangwarry (Otway Basin) Australian east coast Gas focused Market Quality team energy market with oil potential accessibility Gas and energy shortage Focused on onshore New discoveries
Slide 21: 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