Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Hidden Gems webinar (July 2023)
11 slides from Vintage Energy's conference presentation, Jul 7, 2023
Slide 1: Discovering and delivering gas to eastern Australia
Vintage Energy Ltd Discovering and delivering gas to eastern Australia For personal use only Hidden Gems webinar presentation Vali-2 Stimulation operations 7 July 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: Vintage Energy is a young Australian oil and gas producer
Vintage Energy is a young Australian oil and gas producer. For personal use only Just 5 years old, Vintage is unique in having onshore, cost-competitive resources for two commodity shortages currently affecting markets: natural gas and food-grade CO2. 3 Presentation to Hidden Gems webinar Ι 7 July 2
Slide 4: Areas of operation
Areas of operation Onshore gas projects. Exploration acreage offering high chance of technical and commercial success. 1 Cooper Basin gas: For personal use only producing from Feb 23 Exploration • Vali & Odin • 2 gas supply contracts 3 Cooper Basin 6 2 Nangwarry gas resource: engaging with industry
Slide 5: Proof in the progress
Proof in the progress Technical capability and commercial focus proven in results to date ▪ Made the transition from explorer to producer in 4.5 years For personal use only ▪ Took Vali from discovery to revenue generation ~ 3 years ▪ Preparing to bring second field online September quarter this year
Slide 6: Key features
4 key features Rare small-cap exposure to conventional onshore gas, high-quality CO2 & more For personal use only Gas production supplying east coast ▪ Operator, supplying gas to AGL 1 Australia under long term contracts ▪ Additional contract with ENGIE starting Q3 CY23 ▪ ~ 42 PJ 2P at Vali (Vintage
Slide 7: Cooper Basin gas: Vali and Odin
Cooper Basin gas: Vali and Odin Vintage operated. Producing and connected to Moomba infrastructure. Proved and probable1 gas: Vali For personal use only Sales gas PJ Joint venture Vintage share Contracted: base 9 4.5 Contracted: upside 7 3.5 Uncontracted 85 42.5 Total 101 50.5 Contingent Resource1:
Slide 8: Gas contracts and reserves
Gas contracts and reserves Value uplift expected from Odin contract, conversion to reserves and rising significance of uncontracted gas available for east coast supply For personal use only Gas contracts Uncontracted gas Vali GSA with AGL Vali Value uplifts are anticipated: Period: Feb 2023 – Dec 20
Slide 9: 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 )2 Energy 50% and operator) CO2 Sales Gas (Bcf) Unrisked hydrocarbon Contingent ▪ CO2 resource indepe
Slide 10: Food-grade carbon dioxide market
Food-grade carbon dioxide market An essential input where supply is structurally challenged The market Supply For personal use only ▪ Food-grade and industrial-grade CO2 is a ▪ Natural supply accounts for less than 10% of broadly- sought essential input Australian CO2 production capacity – food and
Slide 11: Wrap-up: takeaways on the near term
Wrap-up: 3 takeaways on the near term 1. Vintage has made the transition from explorer to producer within 5 years. For personal use only • Operator, Vali & Odin discoveries, 2 gas supply agreements, installed pipelines & facilities amidst pandemic disruption • Went from discovery to first gas within