Vintage Energy Ltd. (AU:VEN) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Vintage Energy Ltd has reported a significant increase in its net proved and probable reserves, with a 45% boost to 12.6 million barrels of oil equivalent (MMboe) as of June 30, 2024, largely due to the Odin gas field coming online. Sales gas and ethane comprise the majority of these reserves, totaling 70.9 petajoules, reflecting a similar 45% growth. However, there was a decrease in net contingent resources, down by 19 PJ from the previous year.
For further insights into AU:VEN stock, check out TipRanks’ Stock Analysis page.