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Vintage Energy Boosts Odin Gas Field with Successful Odin-2 Appraisal

Vintage Energy (ASX: VEN) and its joint venture (JV) partners have successfully appraised the Odin gas field in Cooper Basin permit ATP 2021. The appraisal confirmed gas pay in all primary target formations on the field’s eastern flank.

Odin-2, located 1.1 kilometers northeast of the gas-producing Odin-1 discovery well, was spudded in mid-May and will be cased and suspended for future gas production.

Positive Initial Results

“Odin-2 has given us a pleasing result,” said Managing Director Neil Gibbins. “While the results are preliminary, it appears the well has fulfilled our objective of adding another producer to supplement our gas sales from Odin-1. We look forward to completing the interpretation and analysis of the results and working with our joint venture partners on finalizing completion and connection.”

Production Appraisal Underway

The Odin gas field is currently undergoing production appraisal, with gas being supplied to Pelican Point Power (a joint venture of ENGIE Australia and Mitsui) under a long-term contract extending to December. Subject to JV approval and the scheduling and execution of field work, it is anticipated that gas from Odin-2 could commence supply this winter.

Vintage Energy operates the ATP 2021 JV and holds a 50% interest.

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