Empire Energy Group Ltd

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it has received binding commitments to raise $28 million via a placement of new fully paid ordinary shares to institutional and sophisticated investors at $0.16 per Share.

Empire Energy Group Ltd's (ASX:EEG) (OTCMKTS:EEGUF) focus through the Quarter has been planning for the hydraulic stimulation of Carpentaria-5H, which is scheduled to take place later this Quarter, and preparation for installation of the Carpentaria Gas Plant in accordance with the Company's goal to commence gas sales from EP187.

Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is actively developing the Beetaloo Basin, a key shale gas resource in Northern Australia, strategically located near Asian LNG markets.

During the Quarter, Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) drilled the Carpentaria-5H well. The primary objective of C-5H is to produce gas for the Carpentaria Pilot Project.

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that the C-5H well, targeting the Velkerri-B shale formation, reached a total length of 5,310 metres (17,421 feet) on 20 December 2024.

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce it has executed binding term sheets with Macquarie Bank Limited for the establishment of new credit facilities totaling A$65 million.

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it has commenced drilling of the Carpentaria-5H well in Empire's 100% owned and operated Beetaloo Basin permit EP187.

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce the Northern Territory Department of Lands, Planning and Environment has approved Empire's Environment Management Plan ("EMP) for the Carpentaria Pilot Project.

Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) provide the Quarterly Activities Report for the period ending September 2024.

In the half year to 30 June 2024, Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF), has been focussed on advancing to first commercial gas production from the Beetaloo.