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Director, RaaS Research Group

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<p style="text-align: justify;">Empire Energy Group Limited (ASX:EEG) is a junior oil and gas producer and explorer with onshore oil &amp; gas shale assets. EEG holds the largest acreage position (&gt;14.5m acres) in the highly prospective, potentially global-scale NT McArthur-Beetaloo basins. The Beetaloo alone is forecast to contain shale dry gas volumes of over 100 Tcf, with liquids upside. EEG has a number of event drivers in the coming 12-18 months, aiming to transform the company into a strategically-important, long-life Australian onshore energy generator. Ending 2019 with US$9.9m gross cash, EEG is fully-funded for the 2020 drill program planned on its EP187 tenement in SE Beetaloo. Its Carpentaria-1 vertical appraisal well received NT clearance early-March. The well, set to begin mid-year, aims to confirm recent better than expected seismic mapping results of the Kyalla and Velkerri shales, with the wells prognosed total depth now 2,900m. The Basin is fast developing as a gas-rich (and potentially liquids-rich) option to boost east coast Australia’s future energy self-sufficiency, as well as expansion gas supplying Darwin’s LNG export terminals, amid strong policy support from both Northern Territory (NT) and Federal governments. Crystallising EEG’s longer-term potential rests on successful drilling, securing strategic funding and infrastructure support to commercialise the acreage.</p>
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Empire Energy Group Limited (ASX:EEG) is a junior oil and gas producer and explorer with onshore oil &amp; gas shale assets. EEG holds the largest acreage position (&gt;14.5m acres) in the highly prospective, potentially global-scale NT McArthur-Beetaloo basins. The Beetaloo alone is forecast to contain shale dry gas volumes of over 100 Tcf, with liquids upside. EEG has a number of event drivers in the coming 12-18 months, aiming to transform the company into a strategically-important, long-life Australian onshore energy generator. Ending 2019 with US$9.9m gross cash, EEG is fully-funded for the 2020 drill program planned on its EP187 tenement in SE Beetaloo. Its Carpentaria-1 vertical appraisal well received NT clearance early-March. The well, set to begin mid-year, aims to confirm recent better than expected seismic mapping results of the Kyalla and Velkerri shales, with the wells prognosed total depth now 2,900m. The Basin is fast developing as a gas-rich (and potentially liquids-rich) option to boost east coast Australia’s future energy self-sufficiency, as well as expansion gas supplying Darwin’s LNG export terminals, amid strong policy support from both Northern Territory (NT) and Federal governments. Crystallising EEG’s longer-term potential rests on successful drilling, securing strategic funding and infrastructure support to commercialise the acreage.







Empire Energy Group (EEG.AX) First EP187 Well Cleared for Vertical Drilling

Australia

Empire Energy Group Ltd., through a subsidiary, explores for oil and natural gas.  The Company operates in Pennsylvania and western New York State in the United States.

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Empire Energy (EEG AU)

Empire Energy Group (EEG.AX) First EP187 Well Cleared for Vertical Drilling

Empire Energy Group Limited (ASX:EEG) is a junior oil and gas producer and explorer with onshore oil & gas shale assets. EEG holds the...

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