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New Zealand Oil & Gas Limited ( (AU:ECH) ) just unveiled an announcement.
Echelon Resources Limited has announced a gas supply agreement through the Mereenie joint venture with McArthur River Mining Pty Ltd for 2.1 Petajoules of firm gas, with additional ‘as available’ gas to be supplied in 2026 and 2027. This agreement, which includes take-or-pay provisions and a price indexed to CPI, strengthens Echelon’s position in the energy market by providing critical gas inputs to a significant mining operation, potentially enhancing stakeholder value and operational reach.
More about New Zealand Oil & Gas Limited
Echelon Resources Limited, trading as Echelon (ASX:ECH), is an energy commodity exploration and production company focused on Australasia, with headquarters in Wellington, New Zealand. The company is involved in both onshore and offshore oil and gas assets across Australia, New Zealand, and Indonesia, either directly or through its stake in Cue Energy Resources Limited. Echelon emphasizes ethical development, exploration activities, and strong ESG standards.
YTD Price Performance: 8.02%
Average Trading Volume: 19,266
Technical Sentiment Signal: Hold
Current Market Cap: A$78.38M
Find detailed analytics on ECH stock on TipRanks’ Stock Analysis page.