Past year: ▼ 60%(0.15c – 0.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
2 July 2019farm in farm out completion▲ GoodMajor
Vintage executed the binding ATP 2021 farm-in agreement and joint operating agreement with Metgasco on the May terms. It manages first-well planning now, with the 50% interest and operatorship transferring after ministerial approval. Turns the May heads of agreement into a signed deal.
2 July 2019farm in farm out completion▲ Good
Metgasco says the ATP 2021 farm-out agreement and joint operating agreement with Vintage are signed on the May terms. Transfer of 50% awaits ministerial approval, expected this month. Vali well now targeted for Q4 2019, a shift from earlier second-half timing.
25 June 2019drilling progress report● Neutral
Ensign Rig 932 is moving from Moomba to the Galilee Basin; the Albany-2 pad and camp are finished. Spud is now expected early July 2019, a further slip from late June. Albany-2 is to be cored and sits about seven kilometres from Albany-1.
30 May 2019material agreement▲ Good
Comet Ridge's version of the APA memorandum: it replaces a 2016 MOU, with Vintage now joining. APA will do route surveys and apply for a Pipeline Survey Licence. Repeats Vintage's same-day announcement.
30 May 2019material agreement▲ GoodMajor
Vintage, Comet Ridge and APA Group signed a memorandum of understanding for APA to study a pipeline route linking the Galilee Basin to east coast markets. They agreed a framework to negotiate a gas transport agreement, under which APA would build and own the pipeline. Non-binding.
28 May 2019drilling progress report● Neutral
Vintage repeats the operator's update: rig mobilisation early to mid-June, Albany-2 spud expected late June, then the Albany-1 sidetrack. Condor is the preferred stimulation provider. Stage 2 completion would lift Vintage from 15% to 30%. No new result.
28 May 2019drilling progress report● Neutral
Operator Comet Ridge says Albany-2 pad construction is nearly done and Ensign Rig 932 should move in early to mid-June, with spud about two weeks later. Condor Energy Services is the preferred stimulation contractor, with stimulation late in Q3 2019.
22 May 2019farm in farm out agreement▲ Good
Metgasco's side of the same deal: Vintage to earn 50% and operatorship of Cooper Basin permit ATP 2021 by funding 65% of the first well (up to $5.3m gross) plus $527,800 back-costs. First well planned on the Vali prospect in the second half of 2019.
22 May 2019farm in farm out agreement▲ GoodMajor
Vintage enters the Cooper/Eromanga Basins, signing a binding heads of agreement to earn 50% and operatorship of the 370 km2 ATP 2021 from Metgasco. It funds 65% of the first well (up to $5.3m gross) and $527,800 of past costs; ministerial approval is needed.
8 May 2019farm in farm out agreement▲ GoodMajor
Vintage signed a binding heads of agreement for Firetail Energy Services to earn 10% of EP126 by providing $850,000 of services toward the $3.2 million Cullen-1 test. Vintage keeps 90% and operatorship. This delivers the planned farm-down; it is subject to approvals.
29 Apr 2019quarterly activities report● Neutral
March quarter report: Ensign Rig 932 contracted for two firm and two optional Galilee wells, awaiting dry roads; Nangwarry-1 pad underway, finishing early May. PEP 171 farm-in with Cooper Energy formalised, Vintage to operate. Cullen-1 flow test on EP 126 still planned.
10 Apr 2019investor presentation● Neutral
Taylor Collison East Coast Gas Day presentation repeating the March deck: net cash $28.6 million, market value $40.0 million, and the Galilee two-well program now due to start in May 2019 rather than April.
5 Apr 2019drilling progress report● Neutral
Operator Comet Ridge says seismic processing is under way, with possible new leads near Lake Galilee-1 and a new anticline about 25 km north. Heavy rain means Albany-2 will not spud before early May. Repeats Vintage's same-day update.
5 Apr 2019drilling progress report● Neutral
Early seismic processing shows several possible leads near Lake Galilee-1 and new structural trends. Heavy rain has delayed rig mobilisation, so Albany-2 will not spud before early May, pushing back the Stage 2 wells.
21 Mar 2019investor presentation● Neutral
March investor presentation showing net cash of $28.6 million at 31 December 2018 and a market value of $44.0 million. It repeats known assets and says the two-well Galilee drilling is due in April 2019.
13 Mar 2019half year report● Neutral
Half-year report to 31 December 2018 covering the Albany-1 result, the Koburra seismic and the Stage 2 farm-in, with an Albany-1 re-entry expected April/May 2019. Shown text is truncated before the financial statements, so no figures are available.
5 Mar 2019drilling progress report● Neutral
Operator Comet Ridge reports the 336 km Koburra seismic survey finished on 2 March with good-quality raw data. The Albany-2 pad build begins soon; the rig move is two to three weeks behind plan. Repeats Vintage's own update of the same day.
5 Mar 2019drilling progress report▲ Good
The 336 km Koburra seismic survey finished on 2 March; Vintage's 15% rises to 30% once seismic and the Albany-2 and Albany-1ST1 wells are done. Interpretation is expected in Q4 FY19, and the rig is delayed by rain.
14 Feb 2019asset acquisition disposition▲ GoodMajor
Vintage completed the purchase from Beach Energy of 100% and operatorship of EP 126 in the Bonaparte Basin (6,700 km2) on 31 January 2019. Flow-testing the cased Cullen-1 well is planned as the first on-ground activity. No price is stated.
30 Jan 2019contract award▲ GoodMajor
Operator Comet Ridge has contracted Ensign Rig 932 for Albany-2 and the Albany-1/ST1 deepening, plus two contingent wells, starting March 2019 after the wet season. Vintage formally commits to Stage 2, earning another 15% to reach 30%.
16 Jan 2019security holder rights change● Neutral
25,875,000 shares leave escrow on 12 February 2019, lifting quoted shares to 218,825,007. A further 45,363,232 shares stay escrowed.
2 Jan 2019drilling progress report▲ Good
The Koburra 2D seismic program (325 km) began on 30 December after a rain delay, starting Stage 2 of the Galilee farm-in where Vintage holds 15%. Data is expected for interpretation in late March; Albany-2 drilling follows.
27 Nov 2018investor presentation● Neutral
AGM presentation restating Vintage's gas-focused strategy, the Albany-1 flow of 230 Mscfd, the 23 PJ net 2C resource, the $30m IPO at 20 cents and Stage 2 starting. Repeats known facts; shown text is cut off before the FY19 timeline.
27 Nov 2018agm notice● Neutral
All five AGM resolutions passed, including Nelson's re-election, the incentive plan and Gibbins' performance rights. The extra 10% placement capacity passed with 81.27% in favour, with 18.5 million votes against.
26 Nov 2018resource reserve update▲ GoodMajor
Transfer documents for a 15% interest in the Galilee Deeps joint venture are fully executed, so Vintage books its first resource: net contingent gas of 8/23/63 PJ (1C/2C/3C) at the Albany field. This formalises the Stage 1 farm-in earned earlier.
21 Nov 2018drilling scheduled▲ Good
Operator Comet Ridge signed an agreement for 300-420 km of new 2D seismic in the Galilee Basin, starting early December at up to $3.5 million gross. Vintage will fund 50% ($1.75 million) as the first part of Stage 2, which also covers Albany-2 drilling and would take it to a 30% interest.
31 Oct 2018quarterly activities report▲ Good
September quarter report: Vintage listed on 17 September after the $30 million IPO and earned its first 15% of the Galilee Deeps joint venture. It books net contingent resources of 8/21/58 Bcf (1C/2C/3C). Albany-1 flowed 230,000 scf/day but reached only 10% of the target sands; more drilling and seismic planned.
26 Oct 2018agm notice● Neutral
Notice of the annual general meeting on 27 November 2018 in Adelaide. Resolutions cover the remuneration report, re-electing chairman Reg Nelson, an employee incentive plan, and up to 2,812,500 performance rights for managing director Neil Gibbins.
26 Oct 2018annual report● Neutral
2018 annual report with chairman's address, operations review and a 2018 reserve statement. Cover shows Albany-1 drilling. Shown text is only the contents page, so no figures are available here.
26 Oct 2018other● Neutral
Appendix 4G confirming the corporate governance statement for the year to 30 June 2018 is on the company website and approved by the board. Administrative filing.
