bullish
Empire Energy Group Ltd - Benefiting from the Future Gas Strategy
SUMMARY
- Empire Energy Group Limited (ASX:EEG) is an oil and gas producer/developer, with onshore Northern Territory (NT) gas exploration and development assets.
- EEG has the largest tenement position in the highly prospective Greater McArthur Basin, which includes the Beetaloo Sub-basin.
- The release of the Federal Government’s Future Gas Strategy Paper, adds some certainty to the economic outlook and highlights the need for new supply sources to meet forecast demand through the energy transition and to service existing LNG contracts.
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