Vintage triples Vali field gas reserves

In what has been described as possibly the most significant news for the company since Vintage was listed, the oil and gas explorer has announced a considerable upgrade to the gas reserves for its Vali field in the Cooper Basin.

The company revealed independent evaluation has tripled the field’s gross 2P reserves from $30.3 billion cubic feet (Bcf) of gas to 92 Bcf.

The new estimate includes the addition of reserves from the Toolachee formation as well as an increase to reserves from the Patchwarra formation.

Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.

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