• Vintage Energy Ltd has signed agreements for $5 million in grants
• Grants will fund drilling of two new gas production wells
• Odin-3 and Vali-4 wells aim to increase gas supply for South Australia
• Grants are part of the SA Gas Incentive Grant program

Vintage Energy Ltd (ASX: VEN), a 50% interest-holder and Operator of the Southern Flank gas projects, has signed agreements for two $2.5 million grants from the Government of South Australia. These grants will provide up to 50% funding for drilling two new gas production wells, Odin-3 and Vali-4, in the Southern Flank of the Nappamerri Trough, Cooper Basin. The grants are part of the SA Gas Incentive Grant program, which aims to accelerate investment in gas supply projects. The wells are designed to increase gas supply for electricity generation in South Australia, with the fields currently supplying energy generators ENGIE and AGL.

Vintage Energy anticipates receiving the full $5 million funding prior to 30 June 2026.

The grants are expected to significantly advance Vintage Energy's plans to lift gas production, contributing to South Australia's energy security.