Empire Energy Group Ltd Stock Market Press Releases and Company Profile
Northern Territory Operations Update
Northern Territory Operations Update

Sydney, Oct 23, 2019 AEST (ABN Newswire) - Empire Energy Group Limited (googlechartASX:EEG) (googlechartEEGUF:OTCMKTS) is pleased to provide shareholders an update on its Northern Territory Beetaloo Sub-basin 2D Seismic acquisition program.

EP187 2019 2D SEISMIC ACQUISITION PROGRAM

Having obtained all required Northern Territory Government regulatory approvals, Empire has commenced the EP187 (Beetaloo Sub-basin) 2019 2D Seismic acquisition program. The ~231-line kilometres of 2D seismic data are being acquired by Velseis, an Australian seismic acquisition contractor with experience operating in the Northern Territory. The 2D seismic acquisition programme is expected to take 3 weeks to complete after which these data will be processed. The seismic program is fully funded from cash at bank.

In addition, Velseis' seismic data processing group has formally been awarded the contract for processing the EP187 2D seismic data sets. Historically Velseis has processed thousands of kilometres of 2D seismic data in the vicinity of the EP187 permit. Awarding the 2D seismic processing contract to Velseis not only reduces costs but shortens the processing timeline from field to finalised interpretive product. Empire expects to begin interpretation of our new 2D seismic data sets before the end of 2019.

Analysis and interpretation of the new 2D seismic data will be used to optimise the selection of surface drilling locations on EP187 for our 2020 exploration drilling campaign, and ultimately the drilling and completion design for appraisal and development wells as the company moves forward.

EP187 EXPLORATION DRILLING PLANNING

In Q3 2019, Empire advised shareholders that its wholly owned subsidiary, Imperial Oil & Gas, had submitted an Environment Management Plan (EMP) for the drilling of up to two wells in EP187 which the Northern Territory Government accepted and which is undergoing formal assessment.

Once approved by the Northern Territory Government, the EMP would remain in place for five years, thereby providing Empire with significant flexibility regarding timing and planning for prospective drilling operations.

The approval process, which is already well underway, is progressing well.

Empire anticipates that it will receive Northern Territory Government approvals for the drilling program in advance of the commencement of the 2020 dry season (early Q2 2020).

Empire will continue to update shareholders as the approval process progresses.


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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