Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Vintage Energy Ltd (VEN.ASX)
Release Time 30 Jul 2025, 9:09 a.m.
Price Sensitive Yes
 Vintage Energy reports Q2 2025 activities and cash flow
Key Points
  • Sales revenue of $1.2 million
  • Production of 0.10 PJe
  • Capital raising fully subscribed
  • Agreement to sell PEP 171 Otway Basin for $1.25 million
  • Feasibility study commenced on Nangwarry liquefaction plant
Full Summary

Vintage Energy Ltd reported its quarterly activities and cash flow for the period ended 30 June 2025. Key highlights include sales revenue of $1.2 million, production of 0.10 PJe, a successful capital raising that was fully subscribed, an agreement to sell the PEP 171 asset in the Otway Basin for $1.25 million, and the commencement of a feasibility study on a Nangwarry CO2 liquefaction plant by a third party. The company's cash balance increased from $2.03 million to $2.50 million during the quarter. Production from the Odin and Vali gas fields in the Cooper Basin was lower than the prior quarter, but the rate of decline was moderated by optimization initiatives. The company also announced that it has commenced the Production Uplift Program at these fields, which includes investigating and potentially remediating scale accumulation, opening additional production intervals, and swab and re-perforation activities. In the Otway Basin, the company continued to engage with participants along the liquified CO2 value chain and government regarding the development of the Nangwarry resource.