Q1 FY26 Quarterly Report
| Stock | AEL.ASX (AEL.ASX) |
|---|---|
| Release Time | 27 Oct 2025, 8:27 a.m. |
| Price Sensitive | Yes |
Q1 FY26 Quarterly Report
- Strong quarterly production of 6.85 PJe, or 74.5 TJe/day
- Robust revenue of $69.9 million and average realised gas price of $10.16/GJ
- OGPP improvements continue with zero absorber cleans and operation above 66 TJs on nearly 90% of days
Amplitude Energy carried forward its strong operational performance into the first quarter of FY26, with average group production rates around the top end of its FY26 production guidance range. Improvements at Orbost continue to be made and the company looks forward to increasing production beyond the 68 TJ/day nameplate level in the near term, once regulatory approvals are received. The company is also very focused on commencing its ECSP drilling programme with the first well at Elanora and Isabella early in the new year. Both targets are large, seismic amplitude-supported prospects, with high probability of finding gas. With preparations for the first well in place, Amplitude Energy continues to progress engineering and long-lead orders for the project's development phase. The recently-completed equity raising allows the company to expand the ECSP through the addition of a well in the Nestor prospect and accelerate other attractive growth opportunities, such as the potential restart of Patricia Baleen. The domestic gas market remains very tight and Amplitude Energy is doing all it can to bring additional supply to the market as soon as possible.
Amplitude Energy expects to fund ECSP+ capex from existing cash on hand, underlying organic cash generation over 2025-2028 and the company's existing bank debt facility.