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New Hope Corporation Limited ( (AU:NHC) ) has provided an update.
New Hope Corporation Limited has announced its 2025 assessment of petroleum reserves and contingent resources through Bridgeport Energy Pty Limited. The company reported net 2P reserves of 4.1 million barrels of oil equivalent and 2C resources of 4.9 million barrels of oil equivalent. Bridgeport’s operations include producing oil interests in Queensland, with sales priced at a premium to dated Brent under agreements with IOR and Santos. This assessment highlights the company’s strategic positioning in the domestic market, with all operated production sold within Queensland.
The most recent analyst rating on (AU:NHC) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on New Hope Corporation Limited stock, see the AU:NHC Stock Forecast page.
More about New Hope Corporation Limited
New Hope Corporation Limited operates in the energy sector, focusing on petroleum through its wholly-owned subsidiary, Bridgeport Energy Pty Limited. The company is involved in onshore oil production from nine petroleum projects in Queensland and holds exploration tenements in Queensland, South Australia, and Victoria. It also has interests in joint ventures for oil and gas discoveries in southwest Queensland.
Average Trading Volume: 2,231,642
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.64B
See more insights into NHC stock on TipRanks’ Stock Analysis page.