• Four new wells planned in Amadeus Basin
• Exciting long term gas sales arrangements
• Further debt reduction of A$7 million

Echelon Resources Limited has released its Quarterly Activities Report for the 3 months to 31 December 2025. The company reported a decrease in production volumes of 1.8% compared to the previous quarter, resulting in a total output of 407,252 barrels of oil equivalent (boe). The daily production rate has decreased to 4,427 boe per day. Entering the new year, Echelon and its Mereenie & Palm Valley partners transitioned to new sale contracts, reflecting higher realised gas pricing. The partners also reached a non-binding, conditional agreement with Power and Water Corporation for new long-term gas sales arrangements extending to 2034, covering firm volumes of up to 22.5 petajoule (PJ) (net to Echelon Group) from existing production. In support of these arrangements, four new wells, two each in Palm Valley and Mereenie, targeting up to 13.3 PJ of additional supply, are in advanced planning stage with drilling expected to commence mid-2026.Echelon reduced its debt by making a A$7 million loan repayment during the quarter. The Group retains capacity to draw down up to A$27 million under its bank loan facility, preserving flexibility to fund approved development and growth opportunities. In Indonesia, Mahato development continued, with production supported by recent drilling and ongoing optimisation work. However, gas production from the Oyong and Wortel fields in the Sampang PSC continues to decline as the fields approach the late stages of their production life.

Echelon and its Mereenie & Palm Valley partners have reached a non-binding, conditional agreement with Power and Water Corporation for new long-term gas sales arrangements extending to 2034, covering firm volumes of up to 22.5 petajoule (PJ) (net to Echelon Group) from existing production.