Amplitude Energy Says Victoria Development Well Completed

MT Newswires Live11-11 07:27

Amplitude Energy (ASX:AEL) said the Annie-2 development well in Victoria reached a measured depth of 2,253 meters on Oct. 28, and it was cased and completed with a sub-sea tree, while operations at Annie-2 are expected to be completed this week, according to a Wednesday Australian bourse filing.

The well is being suspended to be made ready for development as part of the East Coast supply project.

The Annie-2 well flow test included a main flow period of eight hours and 20 minutes with an average stabilized gas rate of 57.2 million standard cubic feet per day.

Annie-2 is located in permit VIC/L37, around 10 kilometers north of its planned tie-in point to the existing CHN pipeline. Amplitude holds a 50% interest in VIC/L37, with the remaining 50% held by joint venture partner O.G. Energy.

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