Echelon Resources Expands in Amadeus Basin with Key Acquisition

New Zealand Oil & Gas Limited ( (AU:ECH) ) has provided an announcement.

Echelon Resources Limited has completed the acquisition of a 100% interest in the Exploration Permit EP145 in the Amadeus Basin, Northern Territory, from Mosman Oil & Gas. This acquisition enhances Echelon’s presence in a core asset area, with plans to utilize high-resolution 3D seismic and drilling to integrate the gas resource into the Northern Territory market. The strategic location adjacent to existing infrastructure and a supportive regulatory environment positions Echelon to capitalize on market demand for new gas supplies.

More about New Zealand Oil & Gas Limited

Echelon Resources Limited is an Australasia-focused energy commodity exploration and production company headquartered in Wellington, New Zealand. The company is involved in both onshore and offshore oil and gas assets across Australia, New Zealand, and Indonesia. Echelon is committed to ethical development and exploration activities, maintaining strong ESG standards, and leveraging its experienced team and partnerships to explore and develop its asset portfolio.

YTD Price Performance: 7.25%

Average Trading Volume: 13,643

Technical Sentiment Signal: Sell

Current Market Cap: A$79.5M

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