Amplitude's Pivot to Oil-Linked Supply Deal Catches Bull's Eye -- Market Talk

Dow Jones
11 hours ago

2349 GMT - Interestingly, Amplitude Energy's second natural-gas contract for its East Coast Supply Project is linked to movements in oil prices, Euroz Hartleys says. Amplitude today said it has agreed to supply 20 petajoules of natural gas to AGL Energy over an initial four-year term. It is due to start in 2H of 2028 if the current drilling campaign in the Otway Basin of southeastern Australia finds enough gas. Analyst Declan Bonnick says the AGL supply deal differs from Amplitude's March agreement to supply 7.5 petajoules of natural gas annually from the ECSP to EnergyAustralia. That contract isn't linked to oil prices. "At current oil prices, substantially high realized prices would be achieved," Euroz Hartleys says of the AGL supply pact. It has a buy call on Amplitude. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

April 16, 2026 19:49 ET (23:49 GMT)

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