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The latest update is out from Amplitude Energy ( (AU:AEL) ).
Amplitude Energy has secured production licence VIC/L37 for the Annie gas field, a discovered resource first identified in 2019 and slated to commence production in 2028. All gas from Annie is expected to be directed to Australia’s east coast domestic market, reinforcing the company’s role as a key supplier to local consumers and highlighting the importance of timely regulatory approvals for long‑cycle oil and gas investments.
The licence award strengthens Amplitude Energy’s development pipeline in the Otway and Gippsland regions and underpins its strategy of leveraging existing infrastructure to bring new supply to market. For stakeholders, the move signals increased future gas availability for the tight east coast market and supports the company’s positioning as a significant contributor to domestic energy security.
The most recent analyst rating on (AU:AEL) stock is a Buy with a A$2.80 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 near major demand centres, along with non‑operated oil production in the Cooper Basin and a portfolio of long‑term gas contracts plus exploration and development prospects, including the Annie and Manta fields.
Average Trading Volume: 1,987,919
Technical Sentiment Signal: Sell
Current Market Cap: A$506.8M
For detailed information about AEL stock, go to TipRanks’ Stock Analysis page.