• Amplitude Energy and O.G. Energy execute binding Foundation Gas Sales Agreement with EnergyAustralia
• Agreement covers 30 PJ of gas (7.5 PJ per annum) over initial 4-year term
• Gas supply targeted to commence in H2 2028, subject to exploration success and Final Investment Decision

Amplitude Energy Limited (ASX: AEL) has announced that it has, together with joint venture partner O.G. Energy, executed a binding Foundation Gas Sales Agreement (GSA) with EnergyAustralia. Under the terms of the GSA, the parties have committed to the supply of 30 PJ of gas (7.5 PJ per annum) from the East Coast Supply Project (ECSP) over an initial four-year term. The GSA sales price is fixed, subject to annual CPI escalation, and reflects prevailing market rates, with supply targeted to commence in H2 2028. The GSA is conditional on a level of exploration success in the ECSP drilling phase and a Final Investment Decision (FID) for the ECSP development phase. Amplitude Energy Managing Director and CEO, Jane Norman, said the company is delighted to extend its long-term partnership with EnergyAustralia through this Foundation GSA for the ECSP, and that the level of interest in the ECSP remains high, with the company currently progressing advanced negotiations with several other potential customers and anticipating concluding additional Foundation GSAs as it moves toward FID.