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Amplitude Energy Limited (ASX:AEL)

ALERT: Price-sensitive ASX Announcement for AEL
Current share price for AEL : $1.500 -0.165 (-9.91%)+
Announcement
Release
7 May 2026 11:21AM
Price at Release
$1.665
Full Release
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Summary
Amplitude Energy Limited (AEL) announced the receipt of production licence VIC/L37 for the Annie field, discovered in 2019 and with first gas production planned for 2028. The company is focused on supplying the Southeast domestic gas market in Australia, emphasizing the importance of timely approvals and regulatory certainty for long-term investment. All gas produced from the Annie field is intended for the east coast domestic market. Amplitude Energy operates offshore gas fields and onshore processing plants in the Otway and Gippsland Basins, maintaining a portfolio of long-term customer gas supply contracts while exposing itself to the Australian East Coast spot gas markets.
Key Points
  • Amplitude Energy Limited (AEL) received production licence VIC/L37 for the Annie field.
  • Annie was discovered in 2019 with first gas planned for 2028.
  • Amplitude Energy focuses on supplying the Southeast domestic gas market in Australia.
  • All gas from Annie is expected to be supplied to the east coast domestic market.
  • Amplitude Energy owns and operates offshore gas fields and onshore processing plants in the Otway and Gippsland Basins.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.