Vintage Energy Ltd. ( (AU:VEN) ) just unveiled an announcement.
Vintage Energy Ltd has completed the sale of its 25% interest in the Victorian exploration license, PEP 171, to Beach Energy Limited for $1.0 million. This strategic divestment allows Vintage to concentrate its financial and technical resources on more promising ventures in the Cooper Basin, aiming to increase drilling activity, reserves, production, and gas contracting capacity.
More about Vintage Energy Ltd.
Vintage Energy Ltd is a company in the energy sector, focusing on exploration and production activities. Its primary services involve the development of oil and gas resources, with a market focus on enhancing reserves and production capabilities.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.39M
Learn more about VEN stock on TipRanks’ Stock Analysis page.