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New Zealand Oil & Gas Limited ( (AU:ECH) ) has shared an announcement.
Echelon Resources Limited has announced the execution of a Sales and Purchase Agreement with Mosman Oil & Gas, focusing on acquiring assets to enhance natural gas production in the Northern Territory and Australian East Coast markets. This strategic move, pending regulatory approval and expected to conclude in the second quarter of 2025, highlights Echelon’s aggressive pursuit of expanding its energy production capabilities and its commitment to leveraging partnerships for growth.
More about New Zealand Oil & Gas Limited
Echelon Resources Limited, trading as Echelon, is an Australasia-focused energy commodity exploration and production company headquartered in Wellington, New Zealand. The company engages in ethical and values-based development and exploration activities, maintaining strong ESG standards. Its portfolio includes a mix of onshore and offshore oil and gas assets in Australia, New Zealand, and Indonesia, either directly owned or through a significant stake in Cue Energy Resources Limited.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $53.78M
For a thorough assessment of ECH stock, go to TipRanks’ Stock Analysis page.
