Developing Australia's North
Sydney, Nov 25, 2019 AEST (ABN Newswire) - With activities in the Beetaloo Basin ramping up, Empire Energy Group (
ASX:EEG) (EEGUF:OTCMKTS) is getting on with the job of adding value to their assets. Seismic acquisition is complete with processing and interpretation underway, drilling approvals are well advanced and drilling in 2020 is now fully funded following a successful capital raise.
Empire offers the most leveraged exposure for investors to these emerging basins which have the potential to transform Australia and Asia's energy markets.
Julian Malnic, Chairman of the Sydney Mining Club, interviews Managing Director Alex Underwood on the recent developments with Empire Energy and talks also about strong community engagement and indigenous support from Traditional Owners in the Northern Territory.
To view the Video, please visit:
https://www.abnnewswire.net/press/en/99727/eeg
About Empire Energy Group Ltd
Empire Energy (ASX:EEG) (OTCMKTS:EEGUF) is a Sydney based Australian oil and gas company holding 100%-owned and operated assets with unconventional targets in the Northern Territory Beetaloo Sub-basin and central trough of the McArthur Basin.
Empire is an active Beetaloo Sub-basin operator, focused on maturing its assets to production. Following the successful appraisal drilling and flow testing of the Carpentaria-2H and 3H wells in Empire's EP187, Empire is targeting first gas flow in H1 2025 at its Carpentaria Pilot Project. The Pilot has a targeted sales gas rate of up to 25 TJ per day utilising the existing McArthur River Pipeline.
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