Amplitude Energy reports 2P reserves of 31.1 MMboe at 30 June 2025
Key points
- 2P gas and oil Reserves of 31.1 MMboe (190.6 PJe)
- 2C gas and oil Contingent Resources of 48.2 MMboe (295.2 PJe)
- Upward revisions in Gippsland and Otway Basins offset by downward revisions in Cooper Basin
Full summary
Amplitude Energy Limited (ASX:AEL) has provided an update on its gas and oil Reserves and Contingent Resources as at 30 June 2025. The company's 2P gas and oil Reserves are assessed to be 31.1 MMboe, with upward revisions of 2.7 MMboe in the offshore Gippsland Basin and 0.1 MMboe in the offshore Otway Basin, partially offset by downward revisions of 0.2 MMboe in the onshore Cooper Basin. The company's 2C Contingent Resources are 48.2 MMboe, with no material changes since 30 June 2024. The key factors contributing to the year-on-year revision in Reserves include production of 4.4 MMboe in FY25, as well as the impact of updated subsurface modelling, history matching, and field performance observations. Amplitude Energy has a portfolio of long-term customer gas supply contracts and an extensive exploration and development prospect inventory in the Otway and Gippsland Basins.
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