Vintage Energy Ltd. (AU:VEN) has released an update.
Vintage Energy Ltd has commenced the appraisal drilling of Odin-2, a follow-up to the successful Odin-1 well, aiming to evaluate potential gas reservoirs with a projected drilling period of 3-4 weeks. The anticipated production from Odin-2 is to be fast-tracked for connection to the existing Vali-Beckler pipeline, which currently supplies gas to Pelican Point Power under a long-term contract. Weekly updates on the well’s progress will be provided starting 21 May 2024.
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