Vintage Energy confirms gas at Vali-2 in Queensland
Sydney-listed Vintage Energy on May 12 said Vali-2 logging data has confirmed gas in both Toolachee and Patchawarra formations.
“The Vali-2 well has more than met our expectations and highlights the multi-well field development potential at Vali," Vintage managing director Neil Gibbins said. “The identification and recovery of a gas sample from the Toolachee formation indicates the conventional upside we were hoping for and we anticipate a corresponding reserve booking for the formation and an increase in the overall Vali field reserves.”
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Vintage, Metgasco and Bridgeport are partners in the Vali project that is located in Queensland's Cooper basin. Vali was discovered in the Cooper/Eromanga basin in January 2020, when a well encountered a gas pay in Nappamerri, Toolachee and Patchawarra formations.
Vintage said it is now looking to drilling the Odin-1 exploration well, which is expected to spud around mid-May. The Odin structure has been de-risked by the success at Vali-1 ST1 and Vali-2 and has the potential for gas in the Toolachee the Patchawarra formations, it said.