Australia's Vintage energy jumps on new JV project in North Sea

Vintage Energy

10/11/2022 01:12

** Shares of Australia's Vintage Energy  VEN.AX  rise as
much as 3.5% to A$0.09, their highest since Sept 13
    ** The oil and gas explorer says that JV with Metgasco
 MEL.AX  and Bridgeport has resolved to pursue a two-stage
project for connection of the Odin gas field in Norwegian block
of North Sea  urn:newsml:reuters.com:*:nASX4fQVk0
    ** Says connection project will provide an interim
accelerated connection and sales from Odin
    ** Says first gas delivery from Odin Gas Field is expected
in Q3 2023
    ** MEL shares were up as much as 5%
    ** Stock has risen 7.1% this year as of last close
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))