AEL.ASX: Purchase of Artisan gas field from Beach Energy

Purchase of Artisan gas field from Beach Energy

Stock	AEL.ASX (AEL.ASX)
Release Time	25 May 2026, 8:21 a.m.
Price Sensitive	Yes

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Amplitude Energy Acquires 50% of Artisan Gas Field from Beach Energy

Key Points

Acquisition accelerates Artisan gas production to 2028
Enhances East Coast Supply Project (ECSP) economics
Attractive acquisition price of $58.3 million upfront
Expected to be NAV accretive to Amplitude Energy

Full Summary

Amplitude Energy Limited has signed a binding Sale and Purchase Agreement to acquire a 50% interest in the Artisan gas field from Beach Energy. This acquisition will accelerate the production of Artisan's gas, targeting 2028, and improve the economics of the East Coast Supply Project (ECSP). The acquisition price is $58.3 million upfront, with a royalty payable on future production. Amplitude Energy expects the acquisition to be net asset value (NAV) accretive. O.G. Energy will also acquire a 10% interest in Artisan, aligning interests at 50% each. The transaction is expected to provide significant value and optionality for the ECSP and customers.

Guidance

Expected to be NAV accretive to Amplitude Energy

Outlook

The acquisition is expected to significantly enhance the economics of the East Coast Supply Project (ECSP) and provide greater certainty to customers in an uncertain market.