News & Videos - EMPIRE ENERGY GROUP LIMITED

Sydney, Australia (ABN Newswire) - During the Quarter, Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) drilled the Carpentaria-5H ("C-5H") well. The primary objective of C-5H is to produce gas for the Carpentaria Pilot Project ("CPP") which is wholly owned and operated by Empire within the EP187 permit located in the Beetaloo Basin, Northern Territory. C-5H was drilled from the same pad as Carpentaria-2H ("C-2H") and Carpentaria-3H ("C-3H") and is the longest well drilled by Empire to date...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that the C-5H well, targeting the Velkerri-B shale formation, reached a total length of 5,310 metres (17,421 feet) on 20 December 2024. - C-5H well has been successfully drilled and cased to a Total Depth of 5,310 metres (17,421 feet) - 100% of the 3,310 metre (10,860 foot) horizontal section was placed within the target Velkerri-B shale, with strong gas shows throughout - The C-5H...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce it has executed binding term sheets with Macquarie Bank Limited ("Macquarie") for the establishment of new credit facilities totaling A$65 million. Together with existing cash on hand, proceeds from the credit facilities will be applied to Carpentaria-5H ("C-5H") and the Carpentaria Gas Plant and associated infield infrastructure. - A$30 million R&D Facility will fund exploration,...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it has commenced drilling of the Carpentaria-5H ("C-5H") well in Empire's 100% owned and operated Beetaloo Basin permit EP187. - Carpentaria-5H ("C-5H") commenced drilling at 9.30am NT time on Saturday 16th November - C-5H is expected to take approximately 45 days to drill and case - C-5H is being drilled by the Ensign Rig #965 and will form part of the Carpentaria Pilot Project -...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce the Northern Territory Department of Lands, Planning and Environment has approved Empire's Environment Management Plan ("EMP) for the Carpentaria Pilot Project. - The Northern Territory Government has approved Empire's Environment Management Plan ("EMP) for the Carpentaria Pilot Project - The EMP provides all environmental approvals for the Carpentaria Pilot Project including up to 9...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) provide the Quarterly Activities Report for the period ending September 2024. Highlights for the Quarter - Planning for Carpentaria-5H ("C-5H") drilling, stimulation and tie-in continues in anticipation of November commencement - Ensign Rig 965 contracted to drill and Halliburton contracted to fracture stimulate C-5H (see Empire ASX release dated 10 September 2024) - Long lead items including drill casing and...

Sydney, Australia (ABN Newswire) - In the half year to 30 June 2024, Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF), has been focussed on advancing to first commercial gas production from the Beetaloo. The Northern Territory economy runs on gas. The continuing production problems at the offshore Blacktip Gas Field, while impacting NT energy supply, have put the spotlight on new gas availability in Australia. In March the Australian Energy Market Operator (AEMO) forecast a gap in gas supply...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce it has executed a Drilling Contract with Ensign Australia Pty Limited ("Ensign") for the drilling of the Carpentaria-5H ("C-5H") well in EP187. - Ensign Rig 965 contracted to drill Carpentaria-5H in EP187 - Halliburton contracted to fracture stimulate Carpentaria-5H with 44,000 hydraulic horsepower ("HHP") frac fleet - almost three times greater HHP than previous Carpentaria campaigns...

Sydney, Australia (ABN Newswire) - After Quarter-end, Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) announced it had signed a binding long-term Gas Sales Agreement ("GSA") to supply the Northern Territory Government ("Buyer"): - up to 25 Terajoules (TJ) of gas per day for 10 years (~75 Petajoules total, 100% Empire) from Empire's Beetaloo Basin properties commencing in 2025 ("Initial Supply"); and - an additional 10 TJ+ per day for up to 10 years at the option of the Buyer to be made...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) signs 10-year binding Gas Sales Agreement with the Northern Territory Government to supply 25 TJ per day from Carpentaria Pilot Project. - Empire Energy Group Limited ("Empire") has signed a binding long-term Gas Sales Agreement ("GSA") to supply the Northern Territory Government ("Buyer"): o up to 25 Terajoules (TJ) of gas per day for 10-years (~75 Petajoules total, 100% Empire) from Empire's Beetaloo Basin...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce the appointment of Mr Chris White as Chief Operating Officer. Chris has 25 years' experience commercialising and developing Australian onshore unconventional gas resources. Chris joins Empire following 18 years at Origin Energy in the roles of General Manager Upstream Growth, General Manager Exploration and New Ventures, Group Manager Field Development Optimisation, Production...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd's (ASX:EEG) (OTCMKTS:EEGUF) focus during the Quarter was progressing towards a final investment decision for the Carpentaria Pilot Project and planning for the $46.8 million capital raise described below. Empire anticipates commencement of commercial production and gas sales in 2025. Planning for the Carpentaria-5H ("C-5H") pilot development well, to be drilled in this work season subject to Northern Territory approvals, is well...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it has received binding firm commitments to raise $39 million (before costs) via a strongly supported two-tranche placement of new fully paid ordinary shares ("Shares") to institutional and sophisticated investors at $0.16 per Share ("Placement"). - Commitments received from existing and new institutional and sophisticated investors for a strongly supported two-tranche placement to...

Sydney, Australia (ABN Newswire) - On 12 April 2024, Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) announced it had entered into an unconditional agreement to sell Empire Energy E&P LLC ("Empire E&P") to PPP Future Development, Inc for up to US$9.1 million. Empire E&P is the operating entity for all of Empire's US oil & gas assets. Further to that announcement, Empire announces that the sale achieved completion on Friday, 12 April 2024, US Eastern Time. Following completion of the sale,...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) has entered into an unconditional agreement to sell its US oil & gas assets located in the Appalachian region for up to US$9.1 million, comprising: Upfront Cash Payment: US$5.9 million and Contingent and Solar Deferred Payments: US$3.2 million Upon completion, Empire's US Macquarie Bank credit facility will be repaid in full and US$2.2 million in cash will be available to support the development of Empire's...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) Managing Director Alex Underwood speaks with ABN Newswire about recent developments in the Australian Gas Market. Mr. Underwood talks about the disruption to the gas pipeline that was delivering gas to the east coast, and now directed for consumption in the Northern Territory owing to the State's energy requirements. Key energy players presenting at the recent east coast gas and energy conference re-affirmed...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) continues progress to first commercial gas in the Beetaloo with the Carpentaria Pilot project. We anticipate commencing pilot production and sales in the first half of 2025 (subject to a final investment decision by the Board) which would make Empire the first company to sell gas from the Beetaloo Basin. The critical shortage of new gas supply in Australia is most acute in the Northern Territory where declining...

Sydney, Australia (ABN Newswire) - APA Group (ASX:APA) and Empire Energy Group Ltd (ASX:EEG) have executed an agreement for the establishment of midstream gas infrastructure furthering the memorandum of understanding announced by Empire on 27 October 2021. APA will spend up to A$5 million under a proposed early works agreement on Engineering and Design Concepts for midstream gas facilities associated with Empire's Carpentaria Pilot Project, which would materially reduce the capital requirements...

Sydney, Australia (ABN Newswire) - During the quarter Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) acquired the Roslind Park Gas Plant ("RPGP") from AGL Limited for $2.5 million in cash, significantly accelerating the path to Carpentaria Pilot Project production and reducing the capital expenditure required to commence gas sales Other Key highlights include: - R&D Tax Offset for FY2022 of $15.6 million in cash received. Proceeds applied to debt reduction and working capital including FID...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) Managing Director Alex Underwood is interviewed by ABN Newswire. Empire Energy is developing a world class hydrocarbon deposit in the Northern Territory of Australia. Mr Underwood talks about the three phases of development of the field, with the core immediate focus on delivery energy through existing pipeline infrastructure, with a view to expanding delivery to the East Coast of Australia. My Underwood...