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GBDJV reaches Stage 2 funding
The GBDJV has reached its pre-determined Stage 2 funding point of $10 million (gross), triggering an increase in Vintage Energy’s equity from 15 per cent to 30 per cent. Vintage had been contributing to Stage 2 costs on a 50-50 basis and the JV previously operated with equity shares of 15 per cent and 85 …