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CEO Alex Underwood Explains the Energy Opportunity in the Northern Territory
CEO Alex Underwood Explains the Energy Opportunity in the Northern Territory
Sydney, Oct 31, 2019 AEST (ABN Newswire) - Empire Energy Group (ASX:EEG) (OTCMKTS:EEGUF) CEO Alex Underwood is interviewed by Mining Executive Julian Malnic on the next exciting phase of shale gas and shale oil discovery in the Northern Territory's Beetaloo and McArthur Basins.

Empire recently sold down its producing US areas to focus its resources on unlocking the vast reserves of NT gas have become a priority for larger energy companies like Santos and Origin. The company is one of the smaller and most active in the field and is currently acquiring seismic data to inform 2020 drilling. The discoveries offer the potential for new stand-alone LNG exports to nearby Asia markets, the supply of lower-cost gas to eastern markets, and liquid fuels self-sufficiency for Australia, and will form an important component in the development of Northern Australia.


To view the video interview, please visit:
https://www.abnnewswire.net/press/en/99517/eeg


About Empire Energy Group Ltd

Empire Energy (ASX:EEG) (OTCMKTS:EEGUF) is a conventional oil and natural gas producer with operations in Appalachia (New York and Pennsylvania) and the MidCon (Kansas and Oklahoma).

The Company has over 14.5 million acres in the McArthur & Beetaloo Basins, Northern Territory, both of which are considered highly prospective for large shale oil and gas resources. Work undertaken by the Company over the past 5 years demonstrates that the Central Trough of the McArthur Basin, of which the Company holds around 80%, is highly prospective, with key similarities to those extending through Oman, Siberia and Southern China and which contain resources of billions of barrels of oil equivalent.

 


Contact

Empire Energy Group Ltd
E: info@empiregp.net
T: +61-2-9251-1846
F: +61-2-9251-0244
WWW: www.empireenergygroup.net


Related Companies

Santos Limited         
Origin Energy Limited             
Empire Energy Group Ltd

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