NAPE Conference Presentation - Houston February 2020
Sydney, Feb 4, 2020 AEST (ABN Newswire) - Empire Energy Group Ltd (
ASX:EEG) (EEGUF:OTCMKTS) NAPE Conference Presentation, Houston, February 2020. The watershed moment has arrived major players drilling throughout 2020.
- Large independent and major oil and gas companies hold substantial acreage positions in the Greater McArthur Basin
- Origin drilling 2 fracked horizontal wells in 2019 / 20 testing Velkerri Shale and Kyalla Formation
- Santos to drill 2 fracked horizontal wells in 2020 testing Velkerri Shale
- Hancock Prospecting has indicated it may invest A$150m A$200m in exploration
- INPEX and Santos , exporters of LNG from Darwin, in the Basin
With Kansas asset sale complete and balance sheet strengthened, Empire Energy is the Australian hydrocarbon player offering the most direct market exposure to the exciting future of both the McArthur and Beetaloo Basins in the Northern Territory.
To view the presentation, please visit:
https://abnnewswire.net/lnk/JFA8A792
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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