Amplitude Energy Ltd
ASX:AEL
Amplitude Energy Ltd
Amplitude Energy Ltd is a AU-based company operating in Oil, Gas & Consumable Fuels industry. The company is headquartered in Adelaide, South Australia and currently employs 126 full-time employees. The company went IPO on 2002-03-13. Amplitude Energy Ltd, formerly Cooper Energy Limited, is an exploration and production company. The firm is engaged in supplying gas to south-east Australia and low-cost Cooper Basin oil production. The company holds a portfolio of gas supply contracts and an extensive portfolio of gas-focused acreage and assets, including well located reserves and resources in the Otway and Gippsland basins. These include the Sole gas field in the Gippsland Basin, the Casino Henry operations in the offshore Otway Basin and undeveloped resources such as Annie and Manta. The Gippsland Basin in South-east Australia is about 200 kilometers (kms) east of Melbourne. The company covers 46 000 square kilometers (km2). The Otway Basin is approximately 500 kilometers long and covers a 155,000 km2 area from Cape Jaffa in South Australia to north-west Tasmania. The company also holds non-operating interests in onshore South Australia oil production licenses and exploration leases in the western flank area of the Cooper/Eromanga Basin.
Amplitude Energy Ltd is a AU-based company operating in Oil, Gas & Consumable Fuels industry. The company is headquartered in Adelaide, South Australia and currently employs 126 full-time employees. The company went IPO on 2002-03-13. Amplitude Energy Ltd, formerly Cooper Energy Limited, is an exploration and production company. The firm is engaged in supplying gas to south-east Australia and low-cost Cooper Basin oil production. The company holds a portfolio of gas supply contracts and an extensive portfolio of gas-focused acreage and assets, including well located reserves and resources in the Otway and Gippsland basins. These include the Sole gas field in the Gippsland Basin, the Casino Henry operations in the offshore Otway Basin and undeveloped resources such as Annie and Manta. The Gippsland Basin in South-east Australia is about 200 kilometers (kms) east of Melbourne. The company covers 46 000 square kilometers (km2). The Otway Basin is approximately 500 kilometers long and covers a 155,000 km2 area from Cape Jaffa in South Australia to north-west Tasmania. The company also holds non-operating interests in onshore South Australia oil production licenses and exploration leases in the western flank area of the Cooper/Eromanga Basin.
Record Results: Amplitude Energy posted record production, spot gas sales, and revenue for the June quarter, exceeding targets set 12 months ago.
Production Growth: Group production in June averaged over 77 terajoules per day, with FY '25 output up 17% versus FY '24.
Revenue Surge: Quarterly revenue reached a new high of $70.7 million, up 12% from the previous quarter; full year revenue grew 22% to $267.7 million.
Rising Prices & Margins: Average realized gas price for the quarter was $10.11 per gigajoule, 10% higher year-on-year, with spot gas fetching $11.60 per gigajoule.
Debt Reduction: Net debt fell to $242.8 million, more than $35 million below its peak earlier in FY '25.
Operational Improvements: Plant reliability and efficiency improvements, especially at Orbost, contributed to higher output and lower costs.
East Coast Supply Project: The ECSP is on track with key contracts awarded, drilling set for late 2025, and a final investment decision targeted in H1 2026.
Continuous Improvement: Cost and emission reduction initiatives delivered around $20 million in cash flow benefits in FY '25.
