Vintage Petroleum Announces Sixth Successful Horizontal Well in Yemen

Vintage Petroleum, Inc. (NYSE:VPI) announced today that
the An Nagyah #18 well in the Republic of Yemen has tested light (43
degree API) oil from the sub-salt Upper Lam "B" formation. The well is
the sixth horizontal well drilled in the company's An Nagyah field.
   The An Nagyah #18 well was drilled horizontally to a total
measured depth of 6,628 feet (2,020 meters) and was completed in 2,559
feet (780 meters) of gross oil bearing Lam "B" section. The interval
was tested at a stabilized rate of 1,300 barrels per day of oil with
less than one percent water cut, 838 thousand cubic feet per day of
natural gas flowing at 220 pounds per square inch tubing pressure on a
48/64 inch choke.
   The Lam "B" reservoir is located approximately 140 feet (43
meters) below the currently producing Lam "A" formation in the An
Nagyah field. The An Nagyah #18 is the first commercial producing well
in the Lam "B." Drilling of additional Lam "B" wells may be necessary
to completely develop the reservoir.
   With testing completed at the An Nagyah #18 well, the drilling rig
is moving approximately 14 miles (22 km) to the northwest to drill the
Hatat #1 prospect. This 6,560 foot (2,000 meters) exploration well
will test a potentially fractured, granitic basement play.
   Current daily production from the Block S-1 concession is
approximately 11,300 gross barrels of oil per day (5,900 barrels net)
and should exceed 12,000 gross barrels of oil (6,250 barrels net) by
year-end 2005.

   Forward-Looking Statements

   This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements in this
release, other than statements of historical facts, that address
plans, future production, strategies, exploration drilling,
exploitation activities, estimates of oil and gas reserves, and events
or developments that the company expects or believes are
forward-looking statements. Although Vintage believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance
and actual results or developments may differ materially from those in
the forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking statements
include oil and gas prices, exploitation and exploration successes,
actions taken and to be taken by foreign governments as a result of
political and economic conditions or other factors, changes in foreign
exchange rates and inflation rates, continued availability of capital
and financing, and general economic, market or business conditions, as
well as other risk factors described from time to time in the
company's filings with the SEC. The company assumes no obligation to
update publicly such forward-looking statements, whether as a result
of new information, future events or otherwise.

   Vintage Petroleum, Inc. is an independent energy company engaged
in the acquisition, exploitation and exploration of oil and gas
properties and the marketing of natural gas and crude oil. Company
headquarters are in Tulsa, Okla., and its common shares are traded
on the New York Stock Exchange under the symbol VPI. For additional
information, visit the company website at www.vintagepetroleum.com.