Cooper Energy Limited ( (AU:AEL) ) just unveiled an update.
Amplitude Energy Limited announced an expected increase in its share of Minerva restoration costs, following an update from the operator, Woodside Energy Limited. The decommissioning programme’s timeframe and costs have significantly increased, leading to an additional pre-tax restoration expense of approximately A$24 million for Amplitude Energy in FY25. This financial impact will be spread across FY25 and FY26, affecting the company’s financial statements and potentially influencing its market positioning.
More about Cooper Energy Limited
Amplitude Energy Limited is an Australian gas production company focused on supplying the Southeast domestic gas market. The company operates offshore gas fields in Commonwealth waters and onshore processing plants in the Otway and Gippsland Basins, and holds non-operated oil production in the Cooper Basin. Amplitude Energy maintains a portfolio of long-term customer gas supply contracts and has exploration and development prospects in the Otway and Gippsland Basins.
YTD Price Performance: 18.26%
Average Trading Volume: 383
Technical Sentiment Signal: Hold
Current Market Cap: $358.5M
See more data about AEL stock on TipRanks’ Stock Analysis page.