Spiritual son of Beach lists on ASX

VINTAGE Energy will hit the Australian Securities Exchange today, one of just a handful of dedicated oil and gas explorers that have achieved that feat in almost five years, and led by a trio of ex-Beach Energy icons, the company closed an oversubscribed prospectus to raise a healthy A$30 million.

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There was strong support from local and overseas institutions which acquired more than 60% of the shares, issued at 20 cents.