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Echelon Surges with Mereenie Drilling and 23% Production Boost
6:17pm on Sunday 1st of June, 2025 AEST
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Energy
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Echelon Surges with Mereenie Drilling and 23% Production Boost
6:17pm on Sunday 1st of June, 2025 AEST
Key Points
Mereenie well WM29 outperforms, delivering double expected gas flow
Amadeus Basin production receipts increase by 23%
New long-term Gas Sales Agreements with Northern Territory Government effective January 2025
Cash balance rises 18% to NZ$46.2 million, operating cash flow up 39%
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