2158 GMT - Euroz Hartleys thinks Amplitude Energy was sold off too sharply after it said the natural-gas discovery by the Isabella-1 well couldn't be developed commercially. Amplitude's share price plunged to A$1.69, its lowest level in around two years, following the results of a flow test that signaled a small pool of natural gas. Still, analyst Declan Bonnick is confident about the success of the remainder of Amplitude's East Coast Supply Project. Even if the ECSP program continues without success, Euroz Hartleys assesses Amplitude's valuation at A$2.20/share. "In other words, meaning that at the current share price, there is no value for growth and the existing base business is being discounted by 25%," Euroz Hartleys says. It retains a buy call on the stock. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 25, 2026 17:58 ET (21:58 GMT)
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