Amplitude Energy deems Isabella gas discovery non-commercial

Amplitude Energy has determined that the Isabella gas discovery in the VIC/L24 permit in the Otway Basin offshore Victoria is not commercially viable. This follows the completion of a flow test and pressure build-up analysis on the ST-1 sidetrack well. Pressure depletion recorded during the testing period does not support commercial development of the Isabella field at its current location. The ST-1 well, drilled as a sidetrack from the earlier Elanora-1 well within permit VIC/L24 in Commonwealth water ...