BUZZ-Australia's Amplitude Energy hits over 7-month high on joint venture deal

Reuters

2025/03/24

** Shares of oil and gas company Amplitude Energy AEL.AX rise 2.3% to A$0.225

** Stock hits its highest level since August 9, 2024

** Co and O.G. Energy enter binding joint venture arrangements to progress East Coast supply project on a 50/50 basis to deliver additional gas supply to a structurally short East Coast market

** About 6.1 million shares change hands by 0250 GMT, 2.3 times the 30-day average volume of shares

** Stock up 7.3% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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