In a nice change of pace from some of the more recent resource listings, Vintage Energy (VEN) bucked the trend when it began trade on the ASX today.
With aims to “become a unique, dynamic, financially strong, growth-focused
energy company, respected by the industry, shareholders, employees and the public”, Vintage had no trouble garnering interest during float. This enthusiasm was reflected in trade with prices hovering at 22 cents, up 10% from the initial 20 cent ask.
Vintage has plans to continue and expand on exploratory works, with initial results reported as being quite positive - We’ve added Vintage to the 2018 Scorecard for further review.