bullish
Empire Energy Group Ltd - A gas sales deal is a BIG tick heading towards first gas
SUMMARY
- RaaS has published an update report on NT-focused gas explorer/producer Empire Energy Group (ASX:EEG) following the recently announced binding gas sales agreement with the Northern Territory Government.
- The binding GSA for 75pteajoules over 10 years effectively fully covers the offtake of the pilot project through commissioning and ramping to target production.
- Importantly, this GSA can be considered bankable as it is with a reputable counter-party, on a fixed price, fully CPI-indexed basis over a material term, in effect providing the platform for debt financing if and as required.
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