Amplitude Energy and O.G. Energy Partner for East Coast Gas Supply Project

An update from Cooper Energy Limited ( (AU:AEL) ) is now available.

Amplitude Energy Limited has entered into a joint venture with O.G. Energy to develop the East Coast Supply Project (ECSP), targeting the delivery of up to 90 TJ/day of gas by 2028 through the Athena Gas Plant. This initiative aims to address potential gas supply shortfalls in the East Coast market, with O.G. Energy funding its share of the project costs and reimbursing Amplitude Energy for historical expenses. The project, which includes a three-well drilling program, is expected to significantly bolster gas supply to over 600,000 Victorian homes, enhancing energy security and market positioning for both companies.

More about Cooper Energy Limited

Amplitude Energy Limited operates in the energy sector, focusing on the exploration and production of conventional offshore gas and oil. The company is involved in projects aimed at enhancing gas supply, particularly in the southeastern domestic market of Australia.

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Current Market Cap: $366.3M

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