bullish
Empire Energy Group Ltd - Low-Cost Gas Options Are Increasingly Attractive
SUMMARY
- 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.
- As more evaluation data comes to hand, the economic case builds for NT gas as the strategic high-calorific gas option for east coast Australia’s future domestic requirements; growing Gladstone LNG ullage; and as a potential supply source for Darwin’s LNG export opportunities.
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