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Vintage Energy Ltd (ASX:VEN)
ALERT: Price-sensitive ASX Announcement for VEN
Current share price for VEN : $0.002 -0.002 (-50%)+
Announcement
Release
1 Apr 2026 9:49AM
Price at Release
$0.004
Full Release
Summary
Metgasco Ltd announced the termination of its Petroleum Title Sale Agreement with Vintage Energy Ltd regarding its 25% non-operated interest in the Odin and Vali Gas Fields. The termination was due to Vintage's failure to meet pre-conditions, including securing funding and completing the purchase of Bridgeport's interest. Consequently, Metgasco will repay a $255,000 loan to Vintage by May 13, 2026. Despite this, gas initiative grants totaling $5 million have been awarded for future drilling projects. Metgasco remains open to acquiring new assets and corporate opportunities.
Key Points
- Termination of Sale Agreement with Vintage
- Metgasco's 25% interest in Odin and Vali Gas Fields
- Vintage failed to meet pre-conditions
- Repayment of $255,000 loan to Vintage
- Gas initiative grants totaling $5 million awarded
- Future exploration and acquisition opportunities
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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