Empire Energy Group Ltd Stock Market Press Releases and Company Profile
Sets Up Northern Territory Plans
Sets Up Northern Territory Plans

Sydney, Sep 2, 2019 AEST (ABN Newswire) - Empire Energy Ltd (googlechartASX:EEG) (googlechartEEGUF:OTCMKTS) has become the first junior company to have environmental management plans (EMP) in the Beetaloo and McArthur Basins accepted for assessment by the Northern Territory Government since the lift of the fracking moratorium.

The company, which has proposed a 2D Seismic EMP, plans to undertake seismic line land clearing and seismic acquisition. This data would be used to select drilling locations for development wells.

Empire has also submitted an EMP for the drilling of two wells through its subsidiary, Imperial Oil & Gas.

The approval process is expected to take 90 days, with EMPs remaining in place for five years after approval.

Empire hopes to enter into a joint venture as it currently owns 100 per cent equity and 'drill ready' prospects.

The seismic program will be self-funded and is expected to be completed in the fourth quarter of 2019.

Empire's operations in the Northern Territory cover 14.5 million acres and include potential of more than 13,000 petajoules of resource equivalent.

Source: AustralianMining.com.au


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


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