By Digifin Pty Ltd · About this coverage
Key Points
- Juliet-1 reached total depth of 2,299 metres TVDSS on 7 September 2026
- Waarre C shows at least 60m gross gas-bearing interval including 49m interpreted net pay
- Amplitude is operator with 50%; O.G. Energy holds the remaining 50%
- No estimate of petroleum reserves or contingent resources is reported in the release
- Amplitude says the Juliet-1 well programme is ahead of schedule and budget
About Amplitude Energy (ASX:AEL)
Amplitude Energy Limited is an ASX-listed gas production company headquartered in Adelaide. It owns and operates offshore gas fields in Commonwealth waters and onshore processing plants in the Otway and Gippsland Basins, and holds non-operated oil production in the Cooper Basin. It supplies the south-east Australian domestic gas market under long-term customer contracts.
Amplitude Energy Limited (ASX:AEL) has provided an update on drilling operations at Juliet-1, an exploration well in the offshore Otway Basin, Victoria, located in permit VIC/L24 within Commonwealth waters adjacent to the existing Casino, Henry, Netherby pipeline. Amplitude Energy is operator and 50% interest holder in VIC/L24, with O.G. Energy holding the remaining 50% interest. The company said the Juliet-1 8 1/2-inch hole section penetrated the primary Waarre C reservoir target and reached a total depth of 2,299 metres TVDSS at approximately 22:20 AEST on 7 September 2026, safely and without material incidents.
Preliminary drilling and logging data recorded elevated gas readings in the Waarre C reservoir, intersected at 2,129 metres TVDSS, with those gas peaks coinciding with elevated resistivity readings observed on Logging While Drilling tools, which the company said is consistent with probable hydrocarbon presence. The Waarre C sandstone exhibits a gross gas-bearing interval of at least 60 metres, which includes 49 metres of interpreted high-quality net pay in line with other Waarre C reservoirs in offset fields, and the gas water contact is currently interpreted as being below total depth. Amplitude Energy said results to date are in line with pre-drill expectations of reservoir quality and thickness and that the Juliet-1 well programme is currently ahead of schedule and budget. Wireline logging operations to collect pressure and sample data will be conducted in coming days, after which a decision to complete Juliet-1 will be made, followed by a clean-up of the well before it is suspended; these activities are expected to be completed over approximately the next two weeks. The announcement states that the intersection of a gas-bearing reservoir does not, of itself, confirm the presence of commercially recoverable or potentially recoverable hydrocarbons, that interpretation of the data is ongoing and remains subject to further logging, testing and evaluation, and that no estimate of petroleum reserves or contingent resources is being reported.
Source: Amplitude Energy Limited (ASX:AEL), 8 September 2026. Summary content supplied by Digifin Pty Ltd.
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