• Amplitude Energy increases FY25 production guidance to 69-73 TJe/day
• Improved performance at Orbost Gas Processing Plant drives the increase
• FY25 production expenses and capex guidance remain unchanged

Amplitude Energy Limited (AEL.ASX) has announced an increase in its FY25 production guidance to 69-73 TJe/day, up from the previous range of 65-72 TJe/day. This increase is primarily driven by a continuation of improved performance at the Orbost Gas Processing Plant (OGPP), following an analysis of point-forward production scenarios at each of the company's assets. FY25 production expenses continue to track within the guidance range of $55-63 million, excluding third-party gas purchases, royalties, and costs associated with the general visual inspection of the offshore Sole and CHN pipelines. Similarly, FY25 capex continues to track within the guidance range of $50-60 million, which includes Amplitude Energy's share of long-lead item procurement for the East Coast Supply Project (ECSP) and the expected reimbursement of 50% of historical FY25 ECSP costs, as well as O.G. Energy's 50% participation in point-forward project costs from the date of signing of the interim joint venture agreement. Managing Director and CEO Jane Norman stated that the strong production from Orbost allows the company to maximize spot sales into the tight East Coast gas market, thereby maximizing margins and cash flows. These cash flows, together with the new joint venture partnership with O.G. Energy, place Amplitude Energy in a strong position to pursue growth investment in the ECSP.

FY25 production guidance increased to 69-73 TJe/day (previously 65-72 TJe/day). FY25 production expenses continue to track within the guidance range of $55-63 million. FY25 capex continues to track within the guidance range of $50-60 million.