Vintage Energy has been established to acquire, explore and develop energy assets principally within, but not limited to, Australia, to take advantage of a generally favourable energy pricing outlook.
The company has earned its 50% interest in PEL 155, Otway Basin, from Rawson Oil and Gas Ltd and has commenced earning its targeted 30% interest in ATPs 743, 744 and 1015, Galilee Basin, from Comet Ridge Ltd.
The company has also signed a binding Heads of Agreement with Somerton Energy Pty Ltd (wholly owned by Cooper Energy Ltd) whereby it can earn up to a 50% interest in PEP 171, Otway Basin, and has signed a Heads of Agreement with subsidiaries of Beach Energy Ltd to acquire a 100% interest in EP 126, Bonaparte Basin.
It is anticipated that VEN will list on the ASX during September 2018.
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