In today’s briefing:
- Empire Energy Group (ASX:EEG) – Gas Bells Are Ringing
- Empire Energy Group Ltd – Gas Bells Are Ringing
Empire Energy Group (ASX:EEG) – Gas Bells Are Ringing
- Carpentaria-2H testing results continue to build the economic case for EEG
- IP30 gas flow of 3.0 mmcfd/1000m (normalised) is on the button and early analysis suggests gas recoveries of 6-8Bcf/well could be achievable
- The business case is building with upgraded resource certification to come heading to a FID target date of end-2023.
Empire Energy Group Ltd – Gas Bells Are Ringing
- Empire Energy Group Limited (ASX:EEG) is an oil and gas producer/developer, with onshore Northern Territory (NT) and US oil/gas production assets.
- EEG has the largest tenement position in the highly prospective Greater McArthur Basin, which includes the Beetaloo Sub-basin.
- The NT energy basins are fast developing as strategic high-calorific gas bolsters for east coast Australia’s future domestic requirements, growing Gladstone LNG ullage and potential supply for Darwin’s expanding LNG export terminals, amid funding support from Territory and Federal governments.
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