Empire Energy Group Ltd Stock Market Press Releases and Company Profile
Carpentaria-1 Drilling Commences
Carpentaria-1 Drilling Commences

Sydney, Sep 23, 2020 AEST (ABN Newswire) - Empire Energy Group Limited (googlechartASX:EEG) (googlechartEEGUF:OTCMKTS) is pleased to announce that it will commence drilling the Carpentaria-1 well in Empire's 100% owned Northern Territory permit EP187 today.

The well will be drilled to a planned depth of ~2,900 metres to allow Empire's technical team to fully evaluate the two unconventional shale targets, the Velkerri and Kyalla Shales. As previously announced, Netherland, Sewell and Associates, Inc. has independently assessed these targets to have a best estimate prospective resource of 2.4 trillion cubic feet of gas equivalent in Empire's EP187 permit.

The drilling and formation evaluation campaign is expected to take approximately 40 days. The well design allows for suspension and future re-entry, fracture stimulation and flow testing, which Empire presently expects to commence in Q2 2021.

The drilling program has the following key technical objectives:

- To assess and prove the depth and thickness of the productive target shales (the Velkerri and Kyalla) in Empire's EP187 permit;

- To understand rock properties, hydrocarbon content, formation permeability and reservoir pressure as they relate to the ability of the shales to produce;

- To gather data to be used for hydraulic stimulation planning and execution;

- To 'high-grade' the target shales for vertical and / or horizontal hydraulic stimulation and flow testing planning and execution; and

- To refine the seismic interpretation and further determine prospective hydrocarbon resource estimates within EP187.

To achieve these objectives, a full formation evaluation program will be executed including:

- Mudlogging;

- Measurement While Drilling ("MWD");

- Cuttings sampling and continuous gas analysis;

- Isotube and isojar sampling program;

- Wireline logging;

- Large diameter rotary side wall coring; and

- Diagnostic Fracture Injection Testing ("DFIT").

Following completion of the drilling and formation evaluation program, the well will be cased and suspended while Empire's technical team analyses the results and plans the fracture stimulation and flow testing program.


About Empire Energy Group Ltd

Empire Energy (ASX:EEG) (OTCMKTS:EEGUF) is a Sydney based Australian oil and 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.

Empire is an active Beetaloo Sub-basin operator, focused on maturing its assets to production. Following the successful appraisal drilling and flow testing of the Carpentaria-2H and 3H wells in Empire's EP187, Empire is targeting first gas flow in H1 2025 at its Carpentaria Pilot Project. The Pilot has a targeted sales gas rate of up to 25 TJ per day utilising the existing McArthur River Pipeline.

abnnewswire.com 


Contact

Empire Energy Group Ltd
E: info@empiregp.net
T: +61-2-9251-1846
F: +61-2-9251-0244
WWW: www.empireenergygroup.net



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 4) (Last 30 Days: 15) (Since Published: 2876)