The ATP 2021 joint venture (Vintage Energy Ltd (ASX: VEN, "Vintage") 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) is pleased to advise that the highly successful flow test program for Vali-1 ST1 has completed. During the extended flow test program, a rate of 4.3 MMscfd of gas was measured through a 36/64"choke at a flowing well-head pressure ("FWHP") of 942 psi over a two-day period. Transient tests were also undertaken with rates recorded between 3.7 MMscfd (through a 24/64" choke at 1,676 psi FWHP) and 7.5 MMscfd (through a 32/64" choke at 1,593 psi FWHP).

Neil Gibbins, Vintage Managing Director, said,
"We are ecstatic with the results of the stimulation and flow test work. The program was a resounding success, with all fracture stimulated zones contributing to the overall gas flow from the well. The team has worked incredibly hard and diligently on this opportunity which takes us a massive step toward realising one of our initial strategic imperatives, that being the delivery of gas to the east coast of Australia."

KeyFacts Energy: Vintage Energy Australia country profile   l   Bridgeport Energy Australia country profile   l   Metgasco Australia country profile