• Elanora-1 exploration well reached planned total depth in 15 days
• Preliminary data indicates Waarre A reservoir is water-bearing
• Sidetrack into Isabella prospect to be drilled as planned

Amplitude Energy Limited (AEL: ASX) has provided an update on the drilling operations at the Elanora-1 exploration well in the Offshore Otway Basin, Victoria. The Elanora-1 well, located in permit VIC/L24 approximately 6km south-west from the existing Casino, Henry, Netherby (CHN) pipeline, reached the planned Total Depth (TD) of 1,857 metres TVDSS in 15 days, well ahead of the budgeted schedule. Preliminary drilling and logging data recorded no elevated gas readings in the primary target Waarre A reservoir, which was intersected at 1,766 metres TVDSS. The reservoir is interpreted to be water-bearing. Amplitude Energy, as the operator and 50% interest holder in VIC/L24, will now plug the Elanora-1 well and drill a sidetrack into the adjacent Isabella prospect, which is expected to take approximately 14-18 further days. Isabella lies immediately adjacent to Elanora, also in the VIC/L24 permit. In the event of success in the sidetrack, evaluation of the discovery through Logging While Drilling (LWD) will be conducted immediately to assess the gas composition and quality of the reservoir. The sidetrack is planned to be cased and completed with a sub-sea tree upon success, incorporating a flow test, and then suspended ready for development as part of the East Coast Supply Project (ECSP). Amplitude Energy's Managing Director and CEO, Jane Norman, commented that while the result at Elanora is disappointing, the company will continue the ECSP campaign with the Isabella prospect, targeting a separate reservoir to that tested by Elanora.