• Term extended to end Jan 2028
• Interest rate unchanged
• PURE to continue as valued financer
• Early repayment milestones conditional on corporate initiative success
• Clear runway for execution of reinvigorated field activity and JV reformation

Vintage Energy Ltd (ASX: VEN) announces an extension and amendment to the terms of its $10 million secured loan facility with PURE Asset Management Pty Ltd. The amendments include extension of the term expiry from 10 June 2026 to 31 January 2028, together with provisions for early repayment of an instalment in the event of success with current corporate initiatives. Vintage Managing Director, Neil Gibbins, stated that the amended facility aligned with and supported Vintage's plans for reinvigoration of activity in its Southern Flank gas projects, and the attendant joint venture reformation. The facility amendments, along with a $5 million drilling grant from the South Australian government, are expected to enable Vintage to concentrate on plans to lift production, activity and value generation of its Odin and Vali gas fields, which have over 135 PJ of undeveloped gas 2P reserves. Features of the amended agreement include an extended term, no change to the interest rate, and provisions for early repayment of a $3 million tranche upon successful Southern Flank joint venture reformation.

The amended facility provides Vintage with a clear runway to execute its plans to reinvigorate field activity and joint venture reformation for its Southern Flank gas projects, which are expected to lead to increased gas supply from the Odin and Vali fields.