• Proposed expansion of the East Coast Supply Project ('ECSP+') through the addition of a fourth well targeting the Nestor prospect
• Evaluation of accretive growth opportunities, primarily the restart of Patricia Baleen
• Equity Raising to fund these growth initiatives

Amplitude Energy is leveraging its existing infrastructure to accelerate growth through the proposed expansion of the East Coast Supply Project ('ECSP+') and the evaluation of accretive growth opportunities, primarily the restart of Patricia Baleen. The ECSP+ involves the addition of a fourth well targeting the Nestor prospect, which presents as a value-accretive expansion of the ECSP. Nestor is a high-quality, low-risk prospect that can increase gas supply during periods of high demand and high pricing, including for gas-powered electricity generation and firming capacity to complement renewable energy sources. The Otway Basin joint venture, comprising Amplitude Energy and O.G. Energy, is aligned on Nestor's strategic significance and intends to order a subsea tree to enable a capital-efficient 'one-touch' drilling and completion approach. The proposed restart of the Patricia Baleen field in the Gippsland Basin represents a strategic opportunity to leverage existing infrastructure and potentially unlock valuable storage capacity in Victoria, delivering additional gas supply to the east coast market and enhancing energy security. To fund these growth initiatives, Amplitude Energy has launched a $150 million Equity Raising.

The ECSP+ and other accretive growth opportunities, primarily Patricia Baleen, are expected to leverage Amplitude Energy's existing infrastructure to enhance production and peak supply capacity across the Otway and Gippsland Basins.