Much Hinges on Amplitude Energy's Drilling Results at Isabella -- Market Talk

Dow Jones02-25 08:29

0029 GMT - Jarden is already looking beyond today's earnings from Amplitude Energy to drilling results at the Isabella prospect in southeastern Australia, which are due imminently. Amplitude experienced a setback when an earlier exploration well at the adjacent Elanora prospect didn't turn up commercial quantities of natural gas. So, the market is looking for a positive result at Isabella. Jarden values the prospect at A$0.68/share on an unrisked basis. "The outcome will also likely impact market confidence in the remainder of the drilling program, potentially amplifying the share price reaction to success or failure at Isabella," analyst Nik Burns says. Amplitude is up 0.5% at A$2.22. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 24, 2026 19:29 ET (00:29 GMT)

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Jarden values the prospect at A$0.68/share on an unrisked basis. \"The outcome will also likely impact market confidence in the remainder of the drilling program, potentially amplifying the share price reaction to success or failure at Isabella,\" analyst Nik Burns says. Amplitude is up 0.5% at A$2.22. 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Amplitude experienced a setback when an earlier exploration well at the adjacent Elanora prospect didn't turn up commercial quantities of natural gas. So, the market is looking for a positive result at Isabella. Jarden values the prospect at A$0.68/share on an unrisked basis. \"The outcome will also likely impact market confidence in the remainder of the drilling program, potentially amplifying the share price reaction to success or failure at Isabella,\" analyst Nik Burns says. Amplitude is up 0.5% at A$2.22. 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