2323 GMT - Amplitude Energy could be conservative again when setting expectations for its natural gas production, suggests Jarden. Amplitude has overcome problems at its Orbost Gas Processing Plant, which is now producing some 68 terajoules of gas per day. Analyst Nik Burns forecasts an improvement to some 74 TJ/day in FY 2026 for total production of 4.4 million barrels of oil equivalent. "We note that Amplitude set very conservative production guidance in FY25 (then upgraded twice), so may follow suit once more," Jarden says. Amplitude is due to report its FY 2025 result on Aug. 19. Jarden also hopes for updates to costs and schedule of Amplitude's East Coast Supply Project and the timing of increasing nameplate capacity of the Orbost plant. It retains a "buy" call on Amplitude. ([email protected]; @dwinningWSJ)
(END) Dow Jones Newswires
August 07, 2025 19:23 ET (23:23 GMT)
AEL Price at posting:
25.8¢ Sentiment: Buy Disclosure: Held
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