Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to provide an update to shareholders on the continuing positive progress at the Carpentaria-1 well in EP187.
Empire Energy Group Ltd
Empire Energy (ASX:EEG) (OTCMKTS:EEGUF) holds over 14.5 million acres of highly prospective exploration tenements in the McArthur and Beetaloo 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 80% has very considerable conventional and unconventional hydrocarbon potential. The Beetaloo sub-Basin, in which Empire holds a substantial position, has independently assessed world class hydrocarbon volumes in place with a major ramp up in industry activity underway to appraise substantial discoveries already made by major Australian oil and gas operators.
Empire Energy is an experienced conventional oil and gas producer with operations in the Appalachia region (New York and Pennsylvania). Empire has been successfully developing and producing oil and gas since 2006.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce the safe and successful placement of four hydraulic fracture stimulation stages in its Carpentaria-1 well where four 'stacked' shale targets within the Velkerri Formation are in the process of being evaluated.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) pleased to announce the commencement of the fracture stimulation, flowback and extended production testing program at Carpentaria-1.
By any measure this has been an exciting year, with major developments for Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) through a period of volatile economic conditions and oil prices.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that EMG Northern Territory Holdings Pty Limited, Imperial Oil & Gas A Pty Limited, a wholly owned subsidiary of Empire.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to advise shareholders that it has completed the Share Purchase Plan ("SPP") announced on 23 April 2021.
Tamboran Resources Limited ("Tamboran" or the "Company") is pleased to announce that the Tanumbirini #2H horizontal gas well commenced drilling operations.
Tamboran Resources Limited today released its inaugural Sustainability Plan, outlining the Company's wide-ranging set of commitments and actions to achieve its vision of playing a part in the global energy transition to a lower carbon future through the development of a large-scale, clean, low CO2 natural gas resource in the Beetaloo Sub-basin in the Northern Territory of Australia.
VIDEO: Empire Energy (ASX:EEG) Alex Underwood Speaks with Julian Malnic about the Pangaea Asset Acquisition and Upcoming Activities
During Q1, Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) announced a 47% upgrade to its best estimate Prospective Gas Resource to 3.5 TCF (47% increase) and a maiden best estimate Contingent Gas Resource of 41 BCF within EP187.