Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Investor Presentation (November 2022)
21 slides from Vintage Energy's investor presentation, Nov 29, 2022
Slide 1: Vintage Energy: Bringing gas to eastern Australia
Vintage Energy Bringing gas to eastern Australia For personal use only Investor pack update Vali-2 Stimulation operations November 2022
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: Vintage Energy: key features
Vintage Energy: 3 key features For personal use only 1. Vintage is about to start gas supply to eastern Australia. ▪ First gas from the Vali gas field is scheduled for January 2023. Vintage Energy 2P gas reserves by contract status, 50.5 PJ 2. Vintage has uncontracted gas in the Cooper Basin and is
Slide 4: Key asset overview
Key asset overview 3 current gas projects. Exploration acreage offering high chance of technical and commercial success. For personal use only 1 Vali gas project Exploration Cooper Basin • First gas expected Jan 23 7 4 Cooper Basin • GSA with AGL 5 Otway Basin 6 2 Odin gas discovery Cooper Basin • T
Slide 5: Vali and Odin new gas fields being connected to market
Vali and Odin 2 new gas fields being connected to market For personal use only Vali ▪ 3 gas wells completed and being connected to Moomba facility ▪ Facilities being installed at Vali ▪ Commissioning expected January ‘23 ▪ Appraisal via production enabled by GSA with AGL to end-2026 ▪ Total 2P reser
Slide 6: Current status: Vali
Current status: Vali Trenching completed. Export pipe being laid. Concrete footings being placed for facility equipment For personal use only installation. 6 Non-deal investor deck November 29 2022
Slide 7: Gas contracted and available for sale
Gas contracted and available for sale 84% of Vali’s 101 PJ 2P gross gas reserves are available for new contracts. Odin gas going to market. For personal use only Vali Proved and probable1 gas: Vali • GSA with AGL till end-2026 Sales gas PJ Joint venture Vintage share • Volume estimated to total betw
Slide 8: 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 • P
Slide 9: Cooper Basin exploration
Cooper Basin exploration Addressing permits with familiar geology for the best chance of success For personal use only ATP 2021 and PRL 211 (50% Vintage Energy) PELA 679 (100% Vintage Energy) ▪ Prioritising early production at Odin ▪ Successful gazettal application ▪ Prospective for oil and gas ▪ Ge
Slide 10: Otway Basin
Otway Basin Nangwarry-1 CO2 discovery and lightly explored gas prospective acreage in the Penola Trough For personal use only Nangwarry (Vintage 50%, Lakes Blue Energy 50% and Operator) ▪ CO2 resource1 (>90% CO2 independently assessed as 25.9 Bcf (gross joint venture; Vintage share 12.9 Bcf) ▪ Excel
Slide 11: 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 12: Galilee Basin
Galilee Basin PCA’s 319 – 324 (“Deeps”) (Vintage 30%, Comet Ridge Ltd (“Comet”) 70% and operator) For personal use only ▪ 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
Slide 13: Bonaparte Basin
Bonaparte Basin EP126 Vintage Energy 100% For personal use only ▪ Potential in multiple play types ▪ Acquired for nil consideration and acceptance of P&A of Cullen-1 if required (recognised on balance sheet) ▪ New Petroleum Act before Assembly to implement recommendations of the Pepper Inquiry ▪ On-
Slide 14: Near term events
Near term events First production, cash flow. Odin to bring a second stream on-line For personal use only 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 commissio
Slide 15: Wrap-up
Wrap-up 1. Vintage is about to become a new gas supplier and cash generator For personal use only ▪ Vintage is changing from an exploration company to a producer ▪ First gas anticipated in January 2023 ▪ Appraisal production to inform Vali full field development plan 2. Vintage’s gas business has th
Slide 16: Appendices
For personal use only Appendices
Slide 17: Share information
Share information Key figures For personal use only Shares on issue1 million 746.7 Shareholders by type As at 30 September 2022 Market capitalisation1 $ million 66 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
Slide 18: Reserves and resources
Reserves and resources 51 PJ Proved and Probable Reserves. 65 PJ 2C Contingent Resource For personal use only 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 Coope
Slide 19: Vali & Odin fields
Vali & Odin fields Cooper Basin gas discoveries close to Moomba-connected infrastructure For personal use only 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
Slide 20: Finance & funding
Finance & funding Vintage is fully funded to first gas production For personal use only ▪ 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
Slide 21: Board
Board Chairman Managing Director Director Director For personal use only 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
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