Australia's Vintage Energy up on gas sale agreement

Vintage Energy

05/10/2023 04:16

** Shares of Vintage Energy  VEN.AX  rise as much as 14.8%
to A$0.031, marking its biggest intraday pct gain since July 4
    ** Oil and gas explorer announces an additional two-year gas
sale with Pelican Point Power under master gas supply agreement
for the Odin gas field
    ** Says joint venture parties signed terms with Pelican
Point Power for supply of gas from Jan. 1, 2025 to Dec. 31, 2026
    ** PEN holds 50% interest in PRL 211 JV, with Metgasco
 MEL.AX  owning 25%, and Bridgeport Cooper Basin owning 25%
    ** Stock down 69.5% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))