Vintage Energy Prepares for Production Surge at Odin and Vali Gas Fields

June 17, 2025 01:50 PM AEST | By Team Kalkine Media

Vintage Energy Prepares for Production Surge at Odin and Vali Gas Fields — Image source: Shutterstock

Strengthening Output Ahead of Key Program

The Odin field showed a robust performance, with average daily production rising from 2.30 to 2.47 million standard cubic feet per day (MMscf/d). The Vali field experienced only a slight decrease in output, maintaining stronger-than-expected figures at 0.76MMscf/d.

This performance was bolstered by initiatives such as pressure cycling at Odin-2, improved flow reliability, and gathering system enhancements. These early-stage efforts are set to be ramped up as part of the July production uplift strategy, which aims to increase raw gas output from a range of 2.1MMscf/d to 5.6MMscf/d.

The upcoming initiatives at Odin and Vali include swabbing and re-perforation work at Vali-3, remediation of scale accumulation, and opening additional production intervals in the Toolachee formation. These are intended to optimise gas flow and extend the operational lifespan of the wells.

Funding Reallocation to Core Assets

To reinforce its focus on the Southern Flank project, Vintage Energy recently divested its 25% stake in the non-core onshore Victorian permit PEP 171 for $1.25 million. This move follows a capital raise of $2.1 million, with all funds being redirected toward the enhancement of the Cooper Basin assets and the Nangwarry resource in the Otway Basin.

This strategic realignment highlights the company’s emphasis on prioritising its most promising assets, allowing it to consolidate efforts where operational potential and scalability are greatest.

Although Vintage Energy (VEN) is not currently listed among the ASX200 stocks, its activities in gas production and resource optimisation continue to position it as a notable energy sector participant focused on domestic supply resilience.

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