RBC Capital downgraded Amplitude Energy (COPJF) to Sector Perform from Outperform with a price target of A$2, down from A$2.80. The firm highlighted some recent drilling risks, including the company confirming the Isabella-1 ST well is not economic, and announcing the formal FID for the Otway Basin ECSP development “will now be deferred until after the drilling of Juliet, Nestor and Annie-2” starting in the second half of 2026.
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