Australia's Vintage Energy up on meeting terms for gas supply deal at Vali

Vintage Energy

19/04/2022 02:23

** Shares of the oil and gas explorer  VEN.AX  jump as much
as 15% to A$0.115, set for their sharpest intraday rise since
March 18 
    ** Co says the gas sales agreement between the ATP 2021
Joint Venture parties and AGL Wholesale Gas announced on March
23 is now unconditional  urn:newsml:reuters.com:*:nASX1wfkX1
    ** Says parties have executed a deal for the processing of
Vali gas with South Australian Cooper Basin JV, a condition
precedent to the AGL gas supply contract  
    ** Adds that processing deal includes the transportation of
gas from Vali into the Moomba gas facility and its processing
for supply to AGL 
    ** Shares hit their highest levels since April 6 
    ** Stock has risen 19.1% this year, as of last close, vs a
1.7% increase in the S&P/ASX 200 index  .AXJO  


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