Australia's Vintage Energy falls most in 1 week on Vali gas field delays

Vintage Energy

22/06/2023 05:30

** Shares of oil and gas explorer Vintage Energy Ltd
 VEN.AX  slide as much as 3.9% to A$0.050, on track for their
biggest intra-day pct loss since June. 15 
    ** Co says work programs to establish stable gas production
from Vali gas field facilities in Queensland affected by rolling
road closures after recent rainfalls  urn:newsml:reuters.com:*:nFWN38D1YQ
    ** Says delays hindered delivery of required equipment to
Vali-2 and Vali-3 facilities
    ** Adds, stable gas production from both facilities could be
established after June 30 
    ** Stock down ~41% this year, as of last close, vs benchmark
S&P/ASX 200 index's  .AXJO  3.9% increase 

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))