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Vintage Energy Ltd (VEN.AX) 2020 AGM - Chairmans Address and MD Operations Report

·1-min read
Vintage Energy Ltd
Vintage Energy Ltd

Vintage Energy Ltd (VEN.AX) 2020 AGM - Chairmans Address and MD Operations Report

Melbourne, Australia, Nov 17, 2020 - (ABN Newswire) - Vintage Energy Ltd (ASX:VEN) announce the 2020 AGM - Chairmans Address and MD Operations Report.

New gas discoveries are required to ease dependence on the development of 'undeveloped 2P Reserves' and 'anticipated developments' to meet forecast demand.

- Federal Govt has identified gas companies and the delivery of gas to market as an essential service

- Forecast demand, underpinned by LNG, expected to be steady over the long term

- Significant investment, needed to meet forecast demand, required for:

o Development of 2P undeveloped

o Development 'anticipated developments'

o Development of new discoveries

o Exploration and appraisal

- Domestic gas prices are independent of global oil prices

- Recent ACCC papers indicate contract gas pricing in the $9 10/GJ range

To view the presentation, please visit:
https://abnnewswire.net/lnk/RUTGJHFF


About Vintage Energy Ltd:


Vintage Energy Ltd (ASX:VEN) 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.

Contact:

Neil Gibbins
Managing Director
+61 8 7477 7680
info@vintageenergy.com.au

Source:
Vintage Energy Ltd

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