TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from New Zealand Oil & Gas Limited ( (AU:ECH) ).
Echelon Resources Limited, operating in the oil and gas industry, reported significant operational achievements in the March 2025 quarter. The company completed the Mereenie infill wells in the Amadeus Basin, exceeding pre-drill expectations and increasing field capacity. The acquisition of EP145, adjacent to Mereenie, is underway, enhancing Echelon’s exploration potential. Production volumes rose by 5%, with a daily production rate increase of 7%. The reopening of the Northern Gas Pipeline has improved sales flexibility, and a dividend of AUD 1.5 cents per share was declared.
More about New Zealand Oil & Gas Limited
YTD Price Performance: 450.0%
Technical Sentiment Signal: Sell
Current Market Cap: $52.54M
For detailed information about ECH stock, go to TipRanks’ Stock Analysis page.