Amplitude Energy Ltd
ASX:AEL
Amplitude Energy Ltd
Amplitude Energy Ltd is a AU-based company operating in Oil, Gas & Consumable Fuels industry. The company is headquartered in Adelaide, South Australia and currently employs 126 full-time employees. The company went IPO on 2002-03-13. Amplitude Energy Ltd, formerly Cooper Energy Limited, is an exploration and production company. The firm is engaged in supplying gas to south-east Australia and low-cost Cooper Basin oil production. The company holds a portfolio of gas supply contracts and an extensive portfolio of gas-focused acreage and assets, including well located reserves and resources in the Otway and Gippsland basins. These include the Sole gas field in the Gippsland Basin, the Casino Henry operations in the offshore Otway Basin and undeveloped resources such as Annie and Manta. The Gippsland Basin in South-east Australia is about 200 kilometers (kms) east of Melbourne. The company covers 46 000 square kilometers (km2). The Otway Basin is approximately 500 kilometers long and covers a 155,000 km2 area from Cape Jaffa in South Australia to north-west Tasmania. The company also holds non-operating interests in onshore South Australia oil production licenses and exploration leases in the western flank area of the Cooper/Eromanga Basin.
Amplitude Energy Ltd is a AU-based company operating in Oil, Gas & Consumable Fuels industry. The company is headquartered in Adelaide, South Australia and currently employs 126 full-time employees. The company went IPO on 2002-03-13. Amplitude Energy Ltd, formerly Cooper Energy Limited, is an exploration and production company. The firm is engaged in supplying gas to south-east Australia and low-cost Cooper Basin oil production. The company holds a portfolio of gas supply contracts and an extensive portfolio of gas-focused acreage and assets, including well located reserves and resources in the Otway and Gippsland basins. These include the Sole gas field in the Gippsland Basin, the Casino Henry operations in the offshore Otway Basin and undeveloped resources such as Annie and Manta. The Gippsland Basin in South-east Australia is about 200 kilometers (kms) east of Melbourne. The company covers 46 000 square kilometers (km2). The Otway Basin is approximately 500 kilometers long and covers a 155,000 km2 area from Cape Jaffa in South Australia to north-west Tasmania. The company also holds non-operating interests in onshore South Australia oil production licenses and exploration leases in the western flank area of the Cooper/Eromanga Basin.
Record Results: Amplitude Energy delivered record first half FY '26 metrics across key financial and operational areas, including production, revenue, EBITDAX, and cash flow.
Production Guidance Raised: The company increased its FY '26 group production guidance to 73–77 terajoules equivalent per day (from 69–74), driven by strong Orbost performance.
Gas Price Upside: Average contracted gas prices are set to rise roughly 20% this year due to new contracts, boosting margins and earnings.
Cost Control: Production expenses and corporate G&A both declined, with continued focus on operational efficiency and a lean cost structure.
ECSP Project Progress: The East Coast Supply Project (ECSP) remains on schedule and budget, with key drilling at Isabella underway and foundational gas supply agreements close to signing.
Strong Balance Sheet: Net debt fell to $34 million, with $81.3 million in cash at year-end, providing flexibility for upcoming growth investments.
Safety & ESG: Amplitude maintained excellent safety and environmental performance, with no recordable injuries or environmental incidents in the half.
