Amplitude Energy's Gas Discovery Positive, But Size Matters -- Market Talk

Dow Jones
03/02

2310 GMT - Amplitude Energy's discovery of natural gas with the Isabella-1 well is positive, but Euroz Hartleys questions how it measures up against other results nearby. Amplitude said the well in southeastern Australia's Otway Basin intersected a gas-bearing section of the primary Waarre-C reservoir. Analyst Declan Bonnick says it's positive that Amplitude describes the reservoir as high quality. "However, the well result appears it could be thinner than expectations, given the closest Waarre-C reservoir production well, Casino-3, intersected 24.1 meters of net gas pay (versus 8.2 meters here)," Euroz Hartleys says. Amplitude rises 5.5% to A$2.69 early today. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

March 01, 2026 18:10 ET (23:10 GMT)

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