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Echelon Resources Surpasses Production Targets, Eyes EP145 Acquisition in Amadeus Basin
4:31am on Monday 2nd of June, 2025 AEST
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Energy
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Echelon Resources Surpasses Production Targets, Eyes EP145 Acquisition in Amadeus Basin
4:31am on Monday 2nd of June, 2025 AEST
Key Points
Production volumes increased 5% to 432,045 boe; daily rate up 7% to 4,800 boe/day
Mereenie two-well development campaign exceeded pre-drill expectations, lifting field capacity
Acquisition of 100% and operatorship of EP145 in Amadeus Basin pending regulatory approval
Dividend payment of AUD 1.5 cents per share totaling A$6.9 million
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