Director, RaaS Advisory, Research as a Service (RaaS)

Research as a Service (RaaS)

Director, RaaS Advisory

Insightful Financial Models and Research Analysis

Connect to the right investors through smart and insightful financial models and research analysis.

Equity Bottom-Up

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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. This province is fast developing as a gas-rich (and potentially liquids-rich) option to boost east coast Australia’s future energy needs, as well as feeding Darwin’s expanding LNG export terminals, amid strong policy support from both Northern Territory (NT) and Federal governments. The Beetaloo Basin alone is considered to contain recoverable shale dry gas volumes of over 100 Tcf, with liquids upside. EEG also owns conventional gas/oil assets in the US Appalachia, 80%-hedged at US$2.50/mcf for 2020. In March, EEG received approvals to drill its Carpentaria-1 vertical appraisal well into the Kyalla and Velkerri shale targets, aiming to confirm recent better-than-expected seismic mapping results. Crystallising EEG’s longer-term potential rests on successful drilling and securing strategic funding and infrastructure support to commercialise the acreage. Given exceptional COVID-19 uncertainties, EEG has acted decisively to secure its US debt facility covenant waivers until year-end, while conserving cash (A$11.2m gross) and protecting staff and local communities, by deferring drilling until a safe-work plan can be finalised with local authorities.</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. This province is fast developing as a gas-rich (and potentially liquids-rich) option to boost east coast Australia’s future energy needs, as well as feeding Darwin’s expanding LNG export terminals, amid strong policy support from both Northern Territory (NT) and Federal governments. The Beetaloo Basin alone is considered to contain recoverable shale dry gas volumes of over 100 Tcf, with liquids upside. EEG also owns conventional gas/oil assets in the US Appalachia, 80%-hedged at US$2.50/mcf for 2020. In March, EEG received approvals to drill its Carpentaria-1 vertical appraisal well into the Kyalla and Velkerri shale targets, aiming to confirm recent better-than-expected seismic mapping results. Crystallising EEG’s longer-term potential rests on successful drilling and securing strategic funding and infrastructure support to commercialise the acreage. Given exceptional COVID-19 uncertainties, EEG has acted decisively to secure its US debt facility covenant waivers until year-end, while conserving cash (A$11.2m gross) and protecting staff and local communities, by deferring drilling until a safe-work plan can be finalised with local authorities.







Empire Energy Group - Positioning For "Future Normal"

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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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</tbody>
</table>
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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 - Positioning For "Future Normal"

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

Research as a Service (RaaS)

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...

Research as a Service (RaaS)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)