News & Videos - EMPIRE ENERGY GROUP LIMITED - Page 2

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) has acquired AGL Limited's (ASX: AGL) RPGP for $2.5 million in cash, significantly accelerating the path to Pilot Project gas production. The cash consideration was funded from Empire's existing cash at bank. Comments from Managing Director Alex Underwood: "This is a material development for Empire, its shareholders and all stakeholders involved in the development of the Beetaloo Sub-basin, and the substantial...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) announces that Mr Paul Fudge and Ms Jacqui Clarke have retired as a Non-Executive Director and alternate Director of the Company. Mr Fudge is Empire's largest shareholder and the founder of Pangaea Resources ("Pangaea") which was acquired by Empire during 2021. Mr Fudge is one of Australia's most successful investors in unconventional gas development and was one of the early movers into the Northern...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is in a position to see significant uplift in valuation driven by the development of the Carpentaria Project in EP 187, located in the Northern Territory's Beetaloo Basin. We believe the company is significantly undervalued given the status of their flagship Carpentaria Project, the size of their Contingent Resource and the potential for international interest in the supply of LNG into Asian markets. Carpentaria...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) report that the Carpentaria-3H ("C-3H) has been shut-in following completion of extended production testing. The 90-day initial production rate (IP90) achieved for C-3H was 3.1 TJ per day. Carpentaria-2H and C-3H are now available to form part of the Carpentaria Pilot Project well inventory with the intention to tie into facility infrastructure for production. APA will spend up to $5 million on Engineering and...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) has had another productive half year as we progress towards our goal of maiden commercial production from the Beetaloo Basin. These developments come at a critical time for NT and East Coast Australia energy security as existing sources of gas supply decline. The Beetaloo Basin offers the lowest CO2 source of new gas supply into constrained markets. Carpentaria-2H ("C-2H") was brought back online to test the...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd'S (ASX:EEG) (OTCMKTS:EEGUF) Beetaloo footprint is comparable in size to significant portions of the core areas of the Marcellus Shale play in the Appalachian Basin. More than 9,000 wells are producing from similar depths to Empire Beetaloo play (~34 percent of all Marcellus wells) across both core areas The majority of the more than 27,000 producing Marcellus Shale wells are less than 2,250 metres below ground level Marcellus shale...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce it has executed an initial agreement with APT Management Services Pty Limited, a wholly owned subsidiary of APA Group, for the establishment of midstream gas infrastructure early works and partnering agreements where, subject to entering long-form agreements and approvals by each party, APA will spend up to $5 million under the Early Works Agreement on Engineering and Design Concepts...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to provide shareholders with an update regarding the operations in Empire's 100% owned and operated EP187, located onshore Northern Territory in the Beetaloo Sub-basin ("Beetaloo"). Carpentaria-3H ("C-3H") Flow Testing Recommences On 3 August 2023, C-3H was re-opened for continued extended production testing ("EPT"). Empire expects to continue the EPT for up to 90 days. The purposes of re-opening...

Sydney, Australia (ABN Newswire) - "The Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) team has had another successful Quarter, highlighted by a substantial increase in independently assessed EP187 contingent resources following the successful 2022 field programs. The flow test results achieved at Carpentaria-2H and Carpentaria-3H (with further flow testing to start soon), and drilling results at Carpentaria-4V, establish a solid platform upon which the Empire team is now progressing towards...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce a major upgrade to its independently assessed EP187 Contingent and Prospective Resources. The resources estimate for Empire's wholly owned and operated EP187 permit has been prepared by Netherland, Sewell & Associates, Inc. ("NSAI"), a worldwide leader of petroleum property analysis to industry, financial organisations and government agencies. - Successful 2022 Beetaloo work program has...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) has completed Carpentaria-2H flow testing following continued strong gas rates. - Carpentaria-2H ("C-2H") has produced a total of 323 Terajoules ("TJ") (281 mmscf) over 127 days - Gas composition has remained consistent with high calorific value and extremely low CO2 - This equates to a normalized rate of 2.75 TJ (2.4 mmscf) per day per 1,000 metres for the entire test period - The post-soak 2023 IP30 is now...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) report that the Northern Territory Government has announced the finalisation of all 135 recommendations of the 2018 Scientific Inquiry into Hydraulic Fracturing in the NT chaired by Justice Rachel Pepper, establishing a platform for approval of gas production in the Beetaloo Sub-basin The regulatory framework the NT Government has put in place is now amongst the most extensive and robust in the world, and will...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) announces the new IP30 production rate of 2.81 mmscf per day reported for Carpentaria-2H ("C2H"), equivalent to over 3 mmscf per day per 1,000m of horizontal section, representing a 17% increase over the pre-soak IP30 previously reported. - Carpentaria-3H is currently shut-in for soaking - Netherland, Sewell & Associates Inc engaged to prepare an updated independent resource assessment for EP187 incorporating...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) announce that Carpentaria-2H ("C-2H") has achieved a new average flow rate over 30 days ("IP30") of 2.81 mmscf per day, equating to a normalized flow rate of over 3 mmscf per day per 1,000m of horizontal section. This represents an increase of approximately 17% over the initial IP30 rates announced in September 2022 despite partial reservoir depletion following the initial 51-day flow testing program. The...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) report that the Carpentaria-3H ("C-3H") has been flow tested for 27 days and is currently shut in for soaking (the practice of shutting in a well for a period following fracture stimulation to maximise long-term productivity). Gas production rate has ranged between 2.3 million standard cubic feet per day ("mmcf / day") and 5.7 mmcf / day with an average of 2.6 mmcf / day. Flow rates are yet to be optimized by...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) report that the Carpentaria-3H (C-3H) has been successfully stimulated, significantly below budget, delivering all 40 planned stages across 1,989 metres (6,526 feet) of horizontal well bore. Total estimated cost of $17.3 million is approximately $3.6 million below the risked budget, bringing the total cost of drilling and stimulating C-3H to $27.3 million, approximately $5.9 million below the risked budget. Flow...

Sydney, Australia (ABN Newswire) - On 9 December 2022, the Australian Treasurer, in a joint media release with the Minister for Climate Change and Energy, the Minister for Resources and the Minister for Industry and Science ("the Ministers' Joint Media Release"), announced measures to limit the impact of high gas prices on Australian consumers. The measures include a temporary price cap of $12 / GJ for new domestic wholesale gas contracts by east coast producers for 12 months for gas sourced...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) announce that the Carpentaria-2H (C-2H) flow testing has recommenced with a Production Logging Tool (PLT) to be run while flowing gas to surface. This will allow Empire to obtain highly detailed data detailing the relative contribution to overall flow rates from each fracture stimulation stage and to further optimise fracture stimulation design, and therefore gas flow rate productivity, including in the...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) announce that the production casing has been successfully run to the end of the lateral section in the record-breaking Carpentaria-3H horizontal well (C-3H). Schlumberger Land Rigs 185 was released on 21 November 2022 and is being moved to the C-4V drill pad. The C-3H fracture stimulation is expected to commence in early December and Carpentaria-4V vertical well (C-4V) drilling is also expected to commence in...

EQS-News: Empire Energy Group Ltd Empire Energy 'leading development of the Beetaloo Basin' 29.11.2022 / 18:40 CET/CEST The issuer is solely responsible for the content of this announcement. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 [email protected] News Source: News Direct 29.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The...