ECH Price sensitive 8 Oct 2026, 2:13 PM

Palm Valley 14(PV14) Appraisal Well Completed for Production

Echelon Resources Ltd

Echelon Completes PV-14 Appraisal Well for Gas Production

Key points

  • PV-14 appraisal well completed successfully
  • Expected to produce gas before end of October 2026
  • Gas to be sold in Northern Territory market

Full summary

Echelon Resources has completed the Palm Valley 14 (PV-14) appraisal well, which is now being tied into the Palm Valley Production Station as a gas producer. The well, reaching a depth of 2,942 meters, intersected gas flows over 837 meters. Gas rates of approximately 3 million standard cubic feet per day were measured during testing. The well is expected to start producing gas before the end of October 2026, with initial estimates of 3-4 terajoules per day. The gas will be sold under a supply agreement with the Northern Territory Government.

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