Amplitude Energy's Athena Gas Plant Ready to Commercialize ECSP Gas, Says Euroz Hartleys

MT Newswires Live11-28

Amplitude Energy's (ASX:AEL) Athena gas plant is ready to commercialize the East Coast Supply Project gas, with only minor plant modifications required, according to a Thursday Euroz Hartleys note.

Euroz Hartleys believes that Amplitude Energy is a "high conviction pure-play" pick on the tightening East Coast domestic gas market, with an attractive, near-term, fully-funded major growth project.

The research firm added that rising contracted gas pricing underpins growth in near-term earnings, as does the potential de-bottlenecking at Orbost.

Euroz Hartleys maintained its buy rating on Amplitude Energy with an unchanged price target of AU$4.40.

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