Vintage Energy Ltd. (AU:VEN) has released an update.
Vintage Energy Ltd has announced the successful appraisal of the Odin-2 well, confirming significant gas pay in all primary target formations, which will be developed as a future gas producer. The well encountered gas in sandstone formations, with net gas pay identified in the Toolachee, Epsilon, and Patchawarra formations. This development is set to bolster gas supply under a long-term contract to Pelican Point Power, with the potential for gas flow from Odin-2 to commence within the current winter season.
For further insights into AU:VEN stock, check out TipRanks’ Stock Analysis page.
