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Vintage Energy Ltd

ASX:VEN
A$0.002Close 7 Oct 2026 · delayed

Past year: ▼ 60%(0.15c – 0.50c AUD)

Market cap
A$4.9m
Shares on issue
2.44bn
In-ground value
A$58.8m
Risked multiple
8.53×
Story beats
117 since 2018
Last event
15 June 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

30 July 2026quarterly activities report● Neutral

June quarter revenue fell to $0.58m (down 20%) with production of 0.05 PJe. The $5m SA grants were received 24 June, restricted for Odin-3 and Vali-4. Unrestricted cash was $1.34m. The shortfall offer closed raising only $65,146, far below the 184.6m shares offered.

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27 July 2026other● Neutral

Appendix 3Y: chairman Reg Nelson received 14.85m shares at 0.4c and 29.7m free 0.5c options on 26 June 2026 via the Top-Up Facility shareholders approved on 24 June. His holding rises to 65.6m shares. Routine director-interest filing.

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27 July 2026other● Neutral

Appendix 3Y: Managing Director Neil Gibbins received 15.5m shares at 0.4c and 31.0m free 0.5c options on 26 June 2026 via the approved Top-Up Facility. His holding rises to 62.9m shares. Routine director-interest filing.

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14 July 2026capital raising announcement● Neutral

The shortfall offer closes this week, with shares to be issued by 17 July 2026. Only 16.3m of 184.6m shares have been taken up, leaving 168.3m unsold at 0.4 cents.

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13 July 2026other● Neutral

Vintage announces the death of founder and former non-executive director Nick Smart, who served from incorporation until retiring through ill health in December 2024. Obituary only, with no business impact.

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24 June 2026agm notice● Neutral

Shareholders approved both resolutions allowing the chairman and managing director to take part in the Top-Up Facility, with about 98.6% and 97.4% in favour. This clears the 30.4m director shares from the entitlement offer.

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15 June 2026regulatory community update▲ GoodMajor

Vintage signs grant agreements with South Australia for two $2.5m grants, estimated to fund up to 50% of drilling Odin-3 and Vali-4. This resolves the February grant condition; full receipt is expected before 30 June, then rig and contract work.

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18 May 2026director officer appointment● Neutral

Philipp Kin, Managing Director of Helios Energy, joins the Vintage board as a non-executive director from 18 May 2026, bringing capital markets and deal experience. He will stand for election at the November 2026 AGM.

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13 May 2026capital raising announcement● Neutral

Shortfall offer details: 184.6m shares at 0.4 cents with two free options each, open until about mid-July. Only 2.5m shares had been applied for so far, a slow start.

What it means for a shareholder

185m new shares at A$0.004 to raise about A$738,400. That's 7.2% dilution: every existing holder's slice gets 7.2% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.0104% to 0.0097% of the company. To keep it you'd need 19,280 more shares - about A$77 at the issue price.

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29 Apr 2026quarterly activities report● Neutral

March quarter revenue was $0.74m, down 6%, with production steady at 0.06 PJe. Cash was $0.71m at quarter-end, before the $1.35m raise closed in April. Reports the finance extension, the grants, the withdrawn acquisitions and the Vault agreement.

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24 Apr 2026capital raising announcement● NeutralMajor

The entitlement offer closed undersubscribed, raising about $1.35m of the $2.1m sought. 306.8m shares issue now; 30.4m director shares await shareholder approval. A shortfall offer of 184.6m shares at 0.4 cents or more is now open.

What it means for a shareholder

185m new shares at A$0.004 to raise about A$1.4m. That's 8.1% dilution: every existing holder's slice gets 8.1% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.012% to 0.011% of the company. To keep it you'd need 22,114 more shares - about A$88 at the issue price.

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22 Apr 2026asset acquisition disposition● NeutralMajor

Vintage is to be offered two exploration licences (EL 7122 and 7123) in South Australia's northern Gawler Craton, targeting lithium, uranium and copper. This is a diversification into minerals, with about $200,000 of work commitments over two years.

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21 Apr 2026material agreement▲ GoodMajor

Vintage signs a Heads of Agreement with Vault Energy to negotiate gas sales from Cullen-1 (EP 126, 100% Vintage) for data centre power. It depends on a flow test and NT tenure clarity; Vintage plans to fund the test via farm-out.

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1 Apr 2026material agreement termination▼ BadMajor

Metgasco says Vintage terminated the sale agreement for its 25% stake because the funding and Bridgeport pre-conditions were not met by 31 March. Metgasco will repay Vintage's $255,000 cash-call loan by 13 May 2026.

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1 Apr 2026asset acquisition disposition▼ BadMajor

Vintage declines Bridgeport's 25% offer and drops the Metgasco purchase, each priced at $5.9m, so the planned joint venture reformation ends. It keeps 50% and operatorship of PRL 211 and ATP 2021, as no incoming partner had committed.

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30 Mar 2026capital raising announcement● Neutral

The entitlement offer opens and documents are sent to shareholders, closing 17 April 2026 unless extended. The chairman's letter shows the funds split as $1.40m working capital and oil prospects, $0.55m Odin connection and $0.15m costs.

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20 Mar 2026capital raising announcement● Neutral

Prospectus for the 1-for-4 entitlement offer: about 521.7m new shares at $0.004 plus about 1,043.5m free options at $0.005, to raise about $2.1m. It formalises the 17 March terms; no new substance in the visible text.

What it means for a shareholder

522m new shares at A$0.004 to raise about A$2.1m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.012% to 0.00958% of the company. To keep it you'd need 62,497 more shares - about A$250 at the issue price.

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20 Mar 2026investor presentation● Neutral

Draft investor presentation supporting the $2.1m entitlement offer announced 17 March. The visible text is disclaimers and notices only, with no new figures shown.

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17 Mar 2026capital raising announcement● NeutralMajor

Vintage launches a $2.1m 1-for-4 entitlement offer at 0.4 cents per share, a 20% discount to the last price, with 2 free 0.5c options per share. Funds go to working capital, oil prospect evaluation and a permanent Odin connection. Cash was $0.94m at 28 February.

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16 Mar 2026half year report▼ BadMajor

Half-year loss to 31 December 2025 was $33.2m versus $2.2m a year earlier, driven by a $31.2m impairment of the ATP 2021 and PRL 211 carrying values to match the proposed partner-stake purchase prices. Revenue was $1.69m, down from $2.24m.

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4 Mar 2026debt financing▲ GoodMajor

PURE extends Vintage's $10m secured loan from 10 June 2026 to 31 January 2028 at an unchanged interest rate, removing the near-term maturity. A $3m tranche is repayable before 31 December 2026 if joint venture reform succeeds, cutting the cash covenant from $1.5m to $1m.

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2 Mar 2026material agreement● Neutral

Metgasco says Vintage's commitment date for buying its 25% is extended a further 31 days to 31 March 2026, the same as the unchanged completion end-date. Another delay while Vintage's funding conditions remain open.

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2 Mar 2026material agreement● Neutral

Vintage extends the Bridgeport acceptance date to 31 March 2026 (completion by 31 May) and the Metgasco commitment date to 31 March. The parties are discussing extending the Metgasco end-date; funding and Bridgeport commitment remain conditions.

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20 Feb 2026regulatory community update▲ GoodMajor

South Australia announces grants of up to $5m ($2.5m each to PRL 211 and ATP 2021) toward drilling Odin-3 and Vali-4, up to 50% of gross joint venture cost. Wells could be drilled in the September quarter 2026, subject to grant agreements, rigs and further funding.

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30 Jan 2026admin correction● Neutral

Re-lodged December quarterly report that only changes one highlight bullet to say 'Metgasco's licence interests'. No change to figures or substance.

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30 Jan 2026quarterly activities report▼ Bad

December quarter revenue fell 13% to $0.78m and production to 0.06 PJe, with phase 2 uplift work ongoing. Cash was $1.67m including $1.0m PEP 171 proceeds; net borrowings $8.33m. Metgasco and Bridgeport purchases remain conditional on funding.

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30 Jan 2026material agreement● Neutral

Vintage extends the Metgasco commitment date by 28 days to 28 February 2026; the 31 March completion end-date is unchanged. Vintage will carry Metgasco's February cash calls as an interest-free loan, forgiven on completion or repayable within six weeks of termination.

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30 Jan 2026material agreement● Neutral

Metgasco repeats the extension of Vintage's commitment date to 28 February 2026, with Vintage carrying Metgasco's February cash calls under the interest-free loan. Completion deadline remains 31 March 2026. Duplicates Vintage's own release.

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14 Jan 2026material agreement▲ Good

Metgasco shareholders approve the sale of its 25% Southern Flank interests to Vintage, meeting one condition. Completion still depends on other conditions, including Vintage's funding and the Bridgeport purchase.

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23 Dec 2025material agreement● Neutral

Metgasco says the target date for Vintage's commitment to buy its 25% is extended one month to 31 January 2026. Completion deadline stays at 31 March 2026 and the 14 January EGM is unchanged.

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