Vintage Energy (ASX:VEN) reported December 2025 quarter sales revenue of $0.8 million, a period defined by strategic consolidation and the second phase of its production uplift program.
The company is aggressively refocusing on its core Cooper Basin assets, highlighted by a conditional agreement to acquire Metgasco's (ASX:MEL) 25% interests in PRL 211 and ATP 2021 for $5.9 million.
The move aims to streamline the Southern Flank joint ventures and accelerate the transition from appraisal to full-scale gas production.
Field operations during the quarter focused on the Vali and Odin gas fields, where production reached 0.06 petajoule equivalent.
While downtime in third-party infrastructure hampered daily rates at Odin, the Vali-1 well maintained high facility availability exceeding 99%.
Current efforts at Vali-2 and Vali-3 are centered on de-watering and initiating appraisal production from the Toolachee Formation, supported by geotechnical analysis that has already identified potential new drilling locations at Vali-4 and Vali-5.
To fund this expansion, Vintage completed the $1 million divestment of its non-core Victorian permit (PEP 171) to Beach Energy.
Despite lower production volumes, the company maintained a stable cash position of $1.7 million through disciplined corporate cost controls.
Looking toward 2026, the company remains focused on commercialising its Nangwarry carbon dioxide resource in the Otway Basin and stabilising cash flow through increased domestic gas supply.