Vintage Energy Ltd. has made its first Cooper basin gas 2C contingent resource booking in the sparsely explored southern flank of the Nappamerri Trough in southwest Queensland.
The company said an independently certified figure of 37.7 bcf has been made by ERC Equipoise Pte Ltd. for Vali field discovery in permit ATP 2021.
The Vali-1 STI well discovered 80 m of net gas pay in a well-defined four-way structural closure in the Patchawarra formation reservoir. Vintage plans to stimulate and flow test the reservoir before mid-year to gather more information on gas volume and flow rates.
The find is close to existing infrastructure, which increases its commercial standing. Vintage expects to fast-track toward production and first cash flow from the basin.
Vintage is operator and holds a 50% interest in a joint venture with Metgasco Ltd. (25%) and Bridgeport (Cooper Basin) Pty Ltd (25%). The company has brought the project from farm-in to discovery and resource assessment in 9 months.