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Amplitude Energy ( (AU:AEL) ) has provided an announcement.
Vintage Energy Ltd, a company involved in energy exploration and production, has announced the completion of conditions for the sale of its 25% interest in PEP 171 in the onshore Otway Basin to Beach Energy Limited. This transaction, which awaits regulatory and ministerial approvals, aligns with Vintage’s strategy to focus on its Southern Flank gas fields project in the Cooper Basin and the Nangwarry Contingent Resource in the Otway Basin. The sale will provide Vintage with $1.25 million, including cash and a waiver of a milestone payment.
The most recent analyst rating on (AU:AEL) stock is a Buy with a A$0.27 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
Average Trading Volume: 3,587,464
Technical Sentiment Signal: Buy
Current Market Cap: A$609.8M
See more insights into AEL stock on TipRanks’ Stock Analysis page.