Vintage Energy Ltd. Stock Analysis VEN.AX

Vintage Energy Ltd. engages in the exploration, appraisal, development and commercialisation of hydrocarbon accumulations in Australia. Its operations involve exploration, appraisal, development and commercialization of hydrocarbon accumulations onshore Australia. The company holds interests in petroleum exploration licenses in the Cooper/Eromanga basins, South Australia and Queensland; the Otway Basin, onshore South Australia and Victoria; the Galilee Basin, Queensland, and the Bonaparte Basin, Northern Territory. The Otway Basin includes PRL 249 and PEP 171. The Cooper/Eromanga Basins are the premier onshore oil and gas-producing basins in Australia. The Cooper Basin is a Permo-Carboniferous to Triassic basin with sediment up to 2,500 meters thick which consists of interbedded sandstones, shales and coals. The Galilee Basin is a lightly explored gas province in proximity to market and the proposed Galilee-Moranbah pipeline. The Bonaparte Basin is a frontier basin in the north of the Northern Territory with a proven hydrocarbon system.