News & Videos - EMPIRE ENERGY GROUP LIMITED - Page 3

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) report that the record-breaking Carpentaria-3H was drilled on time and under budget. Fracture simulation and flow testing of C-3H and Capentaria-4V drilling to commence imminently. Key Points - C-3H drilled to total depth of 4,460 metres on time and under budget - Total horizontal section length of 2,632 metres drilled, of which 2,374 metres was successfully placed within the target Velkerri-B shale formation,...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) provide the Quarterly Activities Report for the Q3 2022 period. - Carpentaria-2H achieved a peak flow rate of > 11 mmcf per day, an initial production rate over 30 days of 2.4 mmcf per day (normalized to 2.6 mmcf per day per 1,000m of stimulated horizontal section), and an initial production rate over 51 days of 2.2 million cubic feet per day (normalized to 2.4 mmcf per day per 1,000m of stimulated horizontal...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to provide shareholders with this update of operations in Empire's 100% owned and operated EP187 tenement, located onshore Northern Territory in the Beetaloo Sub-basin ("Beetaloo"). - Carpentaria-3H ("C-3H"), Empire's second horizontal appraisal well with a planned 2,000m horizontal section targeting the Velkerri B shale, has commenced drilling - C-2H average production rate over the first 51 days...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is pleased to provide shareholders with an update regarding the operations in Empire's 100% owned and operated EP187 tenement, located onshore Northern Territory in the Beetaloo Sub-basin ("Beetaloo"). Comments from Managing Director Alex Underwood: "The Empire team continues to be encouraged with the results that we are seeing at Carpentaria-2H. The well continues to produce strongly, evidently with a...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) Managing Director, Alex Underwood, is today presenting to the South East Asia Australia Offshore & Onshore Conference ("SEAAOC") in Darwin. A copy of his presentation which outlines the steps to be taken by the Company in pursuit of its objective to reach production and commercial cash flow is linked below. Following the Company's successful Placement and Share Purchase Plan ("SPP") to raise $30 million (gross)...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to provide shareholders with an update regarding the ongoing flow testing of the Carpentaria-2H ("C-2H") well in Empire's 100% owned and operated EP187 tenement, located in the Northern Territory's Beetaloo Sub-basin. - Average of 2.6 million standard cubic feet (mmscf) per day sustained flow rate achieved over the first 13 days of flow testing with negligible decline - Flow rate was achieved from...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF), a key milestone in the execution of the 2022 drilling, stimulation and flow testing program, the largest in the company's history. Comments from Managing Director Alex Underwood: "I am delighted that our operations team has successfully stimulated Carpentaria-2H, the largest stimulation of a Beetaloo well to date, without environmental or safety incident. This is another big milestone for Empire Energy and the...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) provide the Quarterly Activities Report June 2022. Q2 2022 Highlights - Carpentaria-2H hydraulic stimulation is progressing - Preparations continue for the drilling of Carpentaria-4V, and drilling and hydraulic stimulation of Carpentaria-3H later in 2022 - Empire received Beetaloo Cooperative Drilling Program progress payments totaling $5.4 million in cash (ex-GST) during the Quarter - Mr. Robin Polson appointed...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce the appointment of Robin Polson as Chief Financial Officer. Robin has been deeply involved in the development of the Australian east coast gas industry for over 20 years. He has extensive knowledge of the gas industry in general and in particular the Northern Territory gas market. Robin has strong relationships and experience working with key gas industry financiers, analysts, producers,...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is pleased to advise it has completed the Share Purchase Plan ("SPP") that was announced to ASX on 14 June 2022. A total of 11,363,702 new fully paid ordinary shares ("SPP Shares") will now be issued, raising $2.5 million (gross). Investors who participated in the SPP will also receive one free attaching option ("Attaching Option") for every two SPP Shares issued, subject to shareholder approval. Each Attaching...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to advise that the fracture stimulation of Carpentaria-2H ("C-2H") has commenced. C-2H is located in Empire's 100% owned and operated EP187 Beetaloo Sub-basin acreage. The first of 25 planned stages across the horizontal section has been successfully pumped within the Velkerri B Shale. As previously announced, the stimulation has been designed to utilise several fluid mixes to assess which design...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that the Company's Share Purchase Plan ("SPP") to raise $2.5 million has been fully underwritten by Blue Ocean Equities Pty Limited. As previously advised, the SPP is scheduled to close at 5.00pm (AEST) on Tuesday, 12 July 2022, to give shareholders the opportunity to consider their investment in this period of market volatility. All other terms and conditions of the SPP (as set out in...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) advises shareholders, post our recent capital raising while our SPP is still open, to bring you up to date on the opportunity ahead of us. The uncertainty in the international outlook created by increasing interest rates, together with increasing energy costs, has been harsh on equity valuations. Unfortunately, Empire has not been immune. This is starkly contrasted by energy commodity prices, notably gas which...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it has received binding firm commitments to raise $27.5 million (before costs) via a strongly supported single-tranche placement of new fully paid ordinary shares ("Shares") to institutional and sophisticated investors at $0.22 per Share ("Placement"). Subject to shareholder approval, Empire will issue one free attaching unlisted option for every two shares subscribed for by...

Sydney, Australia (ABN Newswire) - Developments in International and Australian Energy markets relevant for Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF). Events in Europe this year highlight the critical importance of gas for the functioning of the global economy. Who would have predicted that the key LNG price index, the Japan Korea Marker peaking at US$55.97 MMbtu on March 7 and the Henry Hub Index trading above US$9 MMbtu this week; dramatic increases of 454% and 204%, respectively above...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is completing preparations for the hydraulic stimulation and extended production test ("EPT") of Carpentaria-2H ("C-2H"). Hydraulic stimulation of C-2H is expected to commence around the end of June 2022. Operations Update - Hydraulic stimulation of Carpentaria-2H is expected to commence in late June 2022 - Hydraulic stimulation is expected to take 15 to 20 days followed by an extended production test - $1.82...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) continues to prepare for the hydraulic stimulation and extended production testing ("EPT") of Carpentaria-2H ("C-2H") to commence late Q2 2022. The timing has been affected by current global supply chain issues particularly shipping cargo movements out of China. As previously announced, the C-2H well was drilled during Q4 2021, reaching a Total Measured Depth of 3,150 metres, including a 1,345-metre...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) acquired Pangaea (NT) Pty Limited's and EMG Northern Territory Holdings Pty Limited's 100% interests in EP167, EP168, EP169, EP198 and EP305, increasing our Northern Territory Beetaloo Sub-basin and greater McArthur Basin acreage position to 28.9 million acres. A globally significant resource and land position. Empire successfully drilled, cased and suspended Carpentaria-2H, our first horizontal well located...

Sydney, Australia (ABN Newswire) - Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to provide shareholders an update regarding grants awarded under the Australian Government's Beetaloo Cooperative Drilling Program. Beetaloo Drilling Grant Agreements Executed Empire's wholly owned subsidiary, Imperial Oil & Gas Pty Limited ("Imperial"), has executed grant agreements with the Australian Government totalling up to $19.4 million which will offset 25% of the cost of seismic...

Sydney, Australia (ABN Newswire) - Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce an update to its Beetaloo Sub-basin Contingent and Prospective Resources and US gas production asset reserves. EP187 Contingent Resources The revised estimate of the Contingent Resources for EP187 incorporated the technical results from the Carpentaria-2H ("C-2H") well which was drilled in Q4 2021, the Carpentaria-1 ("C-1") vertical fracture stimulation and flow test which was carried out...