Empire Energy Group Ltd (ASX:EEG) 2020 Annual Report

During the financial year the principal continuing activities of Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) consisted of the progression of exploration and appraisal work programs in Empire's wholly owned and operated exploration tenements and applications located in the highly petroleum prospective Northern Territory McArthur Basin (including the Beetaloo Sub-Basin).

Key activities completed during the year included the successful drilling of the Carpentaria-1 well in Empire's EP187 permit, intersection of liquids-rich gas at Carpentaria-1, certification of a prospective resources by Netherland, Sewell and Associates Inc and preparation for further exploration and appraisal activities.

The production and sale of oil and natural gas in the United States of America. The Empire Group sells its oil and gas products primarily to owners of domestic pipelines, utilities and refiners located in Pennsylvania and New York.

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About Beetaloo Energy Australia Limited

Beetaloo Energy Australia Limited (ASX:BTL) (OTCMKTS:EEGUF) holds 28.9 million acres of highly prospective exploration tenements in the McArthur Basin and Beetaloo Sub-basins, Northern Territory. Work undertaken by the Company since 2010 demonstrates that the Eastern depositional Trough of the McArthur Basin, of which the Company holds around 80%, has enormous conventional and unconventional hydrocarbon potential. The Beetaloo Sub-basin, in which Beetaloo Energy holds a substantial position, has world-class hydrocarbon volumes in place and a ramp up in industry activity to appraise substantial discoveries already made by major Australian oil and gas operators is ongoing.

 

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