bullish
Empire Energy Group (ASX:EEG) - Gas Bells Are Ringing
SUMMARY
- 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.
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