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Echelon Resources Limited (ASX:ECH)

ALERT: Price-sensitive ASX Announcement for ECH
Current share price for ECH : $0.345 -0.01 (-2.82%)+
Announcement
Release
24 Jun 2026 9:04AM
Price at Release
$0.355
Full Release
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Summary
Echelon Resources Limited has signed an amendment to its existing gas supply agreement with Genesis Energy Limited, extending the sales of Kupe gas for an additional three years. The terms of the agreement allow for pricing that reflects current market conditions and includes inflation-linked escalation. Echelon's CEO, Andrew Jefferies, emphasized that the agreement supports local jobs and economic activities by providing domestically produced gas. The Kupe permit participants are Beach Energy, Genesis Energy, and Echelon Resources. Echelon, based in Wellington, New Zealand, is an energy commodity exploration and production company dedicated to ethical and values-based operations across Australasia.
Key Points
  • Echelon Resources Limited has executed an amendment to its gas supply agreement with Genesis Energy Limited.
  • The agreement extends the sales of Kupe gas for another three years.
  • Pricing will reflect current market conditions with inflation-linked escalation over the term.
  • Echelon's CEO, Andrew Jefferies, highlighted the importance of the deal in supporting local jobs and the economy.
  • Participants in the Kupe permit include Beach Energy, Genesis Energy, and Echelon Resources.
  • Echelon focuses on energy commodity exploration and production in Australasia.
  • The company is committed to ethical and values-based development and exploration activities.
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.