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Amplitude Energy ( (AU:AEL) ) just unveiled an update.
Amplitude Energy Limited announced significant changes to its Board of Directors, with Ian Davies appointed as a Non-Executive Director and Chairman-elect, succeeding John C Conde, AO, who will retire after the Annual General Meeting in November 2025. These changes are expected to bolster the company’s strategic direction, as Davies brings a wealth of experience in energy projects and policy, aligning with Amplitude’s focus on shareholder value and domestic gas resource development. The retirement of Ms. Elizabeth Donaghey, a valuable contributor to the Board, marks another transition, while the company remains poised for disciplined growth and strengthening its domestic gas portfolio.
The most recent analyst rating on (AU:AEL) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
More about Amplitude Energy
Amplitude Energy Limited is an Australian gas production company focused on supplying the Southeast domestic gas market. It owns and operates offshore gas fields in Commonwealth waters and onshore processing plants in the Otway and Gippsland Basins, close to Australia’s largest gas demand centers. The company also has non-operated oil production in the Cooper Basin and holds a portfolio of long-term customer gas supply contracts, with exposure to the tight Australian East Coast spot gas markets.
YTD Price Performance: 7.32%
Average Trading Volume: 3,676,759
Technical Sentiment Signal: Buy
Current Market Cap: A$583.3M
See more data about AEL stock on TipRanks’ Stock Analysis page.