EXPLORATION

Vintage doubles PEL 155 stake

VINTAGE Energy has doubled its equity stake in South Australia’s Petroleum Exploration Licence 155 to 50% following agreement with joint venture partner Rawson Oil and Gas.

James Bowen
PEL 155 is now half-owned by Vintage Energy

PEL 155 is now half-owned by Vintage Energy

  Under the terms of the JV's farm-in agreement, the additional 25% stake became available to Vintage following an A$4.95 million grant to drill the Nangwarry-1 exploration well in the onshore Otway...

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