Announcement • Jun 16
Vintage Energy Ltd Signs Agreements for $5 Million Grants to Southern Flank Gas Projects Vintage Energy Ltd. as 50% interest-holder and Operator of the Southern Flank gas projects PRL 211 and ATP 2021, (other interest-holders: Metgasco Ltd, 25%; and Bridgeport (Cooper Basin) Pty Ltd, 25%) announces execution of Grant Agreements with the Government of South Australia for two $2.5 million grants which will provide cornerstone funding for the drilling of two gas production wells. As announced February 20, 2026, the grants made to the PRL 211 and ATP 2021 Joint Ventures are expected to fund 50% of the cost of drilling Odin-3 and Vali-4 in the Southern Flank of the Nappamerri Trough, Cooper Basin. The grants to the PRL 211 and ATP 2021 joint ventures are part of total grants of $15 million made by the government under the SA Gas Incentive Grant program. The program seeks to accelerate investment in a portfolio of projects addressing gas supply, storage and infrastructure with a stated focus on high quality, technically and economically sound projects with project delivery required prior to September 30, 2028. Receipt of the full grant of the $5 million funding is anticipated prior to June 30, 2026, enabling Vintage to ascertain rig availability windows and complete requirements for a drilling contract. New Risk • Mar 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$863k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$863k free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-AU$5.2m). Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (AU$771.6k market cap, or US$545.5k). Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Revenue is less than US$5m (AU$2.2m revenue, or US$1.5m). Announcement • Jan 15
Metgasco Ltd Announces Resignation of Joint Company Secretary, Flynn Blackburn, Effective January 15, 2026 Metgasco Ltd. advised that Mr. Flynn Blackburn has resigned from the role of Joint Company Secretary, effective January 15, 2026. Henko Vos remains in the role of Company Secretary and will be responsible for communications with the ASX in relation to listing rule matters, pursuant to ASX Listing Rule 12.6. 