Empire Energy Group Limited 

Empire Energy Group Limited (ASX:EEG) is a Sydney based Australian oil & gas company holding 100%-owned and operated assets with unconventional targets in the Northern Territory Beetaloo Sub-basin and central trough of the McArthur Basin.

With all operators increasingly active in the Beetaloo Sub-basin, attention is building as to the immense potential of this newly recognised province. Empire has completed a vertical frack and flow test of its first well (Carpentaria-1) and a successful horizontal or “lateral” well at Carpentaria 2H with a view to realising early commercial production using existing pipeline infrastructure. Carpentaria-4V and Carpentaria-3H will also be drilled this dry season, subject to logistics. 

Across the Beetaloo both the Santos/Tamboran and Origin/Falcon JV’s have made big steps with lateral wells – also into the Velkerri B shale. Empire has the largest holdings across the Beetaloo-McArthur Basins and is also targeting the Velkerri B shale and sees strong potential in the other “stacked play” units, the Velkerri A, C and A-B.

Empire Energy has been a member of the Australian Petroleum Production and Exploration Association since 2018.

Exchange code

ASX Code EEG

Sector

Energy

Website

https://empireenergygroup.net/

View CCR Empire Energy Group Limited 

 

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