Elanora-1 Well Results Inform Next Phase of Otway Basin Drilling

Amplitude Energy Limited (ASX: AEL) has provided an operational update from the Elanora-1 exploration well in the Offshore Otway Basin, where drilling has now reached planned depth and concluded safely ahead of schedule. The well intersected the targeted Waarre A reservoir; however, analysis of drilling and logging data indicates the reservoir is water-bearing, with no indication of commercial gas presence. Elanora-1 was drilled efficiently, reaching total depth in just over two weeks without material incidents. The Company will now proceed with a planned sidetrack into the adjacent Isabella prospect, which targets a separate reservoir interval and remains a key focus of the East Coast Supply Project. Outcomes from Elanora-1 are expected to contribute to a longer-term understanding of the basin, while near-term efforts shift toward testing Isabella.

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