Vintage Energy’s Reserves Surge with Odin Field

Vintage Energy Ltd. (AU:VEN) has released an update.

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.

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