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Amplitude Energy Limited (ASX:AEL)

ALERT: Price-sensitive ASX Announcement for AEL
Current share price for AEL : $1.660 0.115 (7.44%)+
Announcement
Release
18 Aug 2026 8:07AM
Price at Release
$1.545
Full Release
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Summary
Amplitude Energy Limited (ASX: AEL) provided an update on its gas and oil Reserves and Contingent Resources as of 30 June 2026. The company's 2P gas and oil reserves are assessed at 26.7 MMboe, while 2C contingent resources stand at 50.8 MMboe. Key factors affecting reserves include FY26 production of 4.5 MMboe, a net downward revision in the offshore Gippsland Basin, and a net upward revision in the Cooper Basin due to successful drilling and lower costs. The contingent resources saw an increase due to development opportunities in the Sole field and the Patricia Baleen project, offset by reductions from permit relinquishments. All estimates are prepared using deterministic and probabilistic methods, adhering to the Society of Petroleum Engineers (SPE) 2018 Petroleum Resources Management System (PRMS).
Key Points
  • Amplitude Energy Limited's reserves update as of 30 June 2026.
  • 2P gas and oil reserves are 26.7 MMboe.
  • 2C contingent resources are 50.8 MMboe.
  • Key factors include FY26 production of 4.5 MMboe and revisions in Gippsland and Cooper Basins.
  • Increased contingent resources due to Sole field development and Patricia Baleen project.
  • Methodologies comply with SPE 2018 PRMS standards.
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.