Empire Energy Group Ltd

Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) advises shareholders, post our recent capital raising while our SPP is still open, to bring you up to date on the opportunity ahead of us.

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it has received binding firm commitments to raise $27.5 million via a strongly supported single-tranche placement of new fully paid ordinary shares to institutional and sophisticated investors at $0.22 per Share.

Developments in International and Australian Energy markets relevant for Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF). Events in Europe this year highlight the critical importance of gas for the functioning of the global economy.

Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is completing preparations for the hydraulic stimulation and extended production test of Carpentaria-2H. Hydraulic stimulation of C-2H is expected to commence around the end of June 2022.

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) continues to prepare for the hydraulic stimulation and extended production testing ("EPT") of Carpentaria-2H ("C-2H") to commence late Q2 2022.

Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) acquired Pangaea (NT) Pty Limited's and EMG Northern Territory Holdings Pty Limited's interests in EP167, EP168, EP169, EP198 and EP305, increasing our Northern Territory Beetaloo Sub-basin and greater McArthur Basin acreage position to 28.9 million acres.

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to provide shareholders an update regarding grants awarded under the Australian Government's Beetaloo Cooperative Drilling Program.

Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce an update to its Beetaloo Sub-basin Contingent and Prospective Resources and US gas production asset reserves.

Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) provide the quarterly report for the period ending 31st December 2021.

The Federal Court has rejected an activist organisation's legal challenge to the Commonwealth Government's Beetaloo Basin exploration grants program but ruled initial contracts invalid for procedural reasons.