Empire Energy Group Limited (ASX:EEG) is a Sydney based Australian oil & gas company holding 100%-owned and operated assets with unconventional targets in the Northern Territory, Beetaloo Sub-basin and central trough of the McArthur Basin.

With major players active in the Beetaloo Sub-basin and market attention increasingly focused on its potential, Empire is progressing with a frack and flow test of its first well (Carpentaria-1) in the Beetaloo Sub-basin with a view to realising commercial production close to existing pipeline infrastructure.

With the acquisition of the Pangaea assets in the western portion of the Beetaloo, approvals are in process for a work program of this new acreage which lies close to the Amadeus Pipeline.

The 2021 work program has been activated with vertical fracking of the Carpentaria-1 well. Results are expected for release in Q3. Approvals are in train for the drilling and fracking of a horizontal well this year.

Empire Energy has been a member of the Australian Petroleum Production and Exploration Association since 2018.

What is Shale Oil & Gas

Shale oil and gas are hydrocarbons sourced and trapped within shale formations. Shales are fine grained sedimentary rocks rich in organic matter that when buried over geologic time generate hydrocarbons. Unlike conventional oil and gas fields where the hydrocarbons are entrapped within permeable reservoirs that have migrated from nearby shale sources, in shale oil and gas the regionally pervasive shale is both the source and reservoir. To achieve optimal commercial flow rates the unconventional shale wells may be drilled horizontally and hydraulically stimulated.

"In the McArthur we’ve got Tanumburini-1 on flowback at the moment with some very early but encouraging signs – so gas to surface early there.

So when you look at the proximity of these big shale plays – to each other – and also proximity to evacuation to Darwin – potentially to DLNG to the export market but also in the future back through infrastructure back through to Walumbilla and potentially through Ballera and into the east coast markets, these are very strategically important assets." - Santos David Banks, Executive President OnshoreOil & Gas

" Man has gone out to explore other worlds and other civilizations without having explored his own labyrinth of dark passages and secret chambers, and without finding what lies behind doorways that he himself has sealed. "

— Carlton Sparks, Executive Officer

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Beetaloo Operations Update

Empire Energy is pleased to provide an update regarding its operations in the Beetaloo Sub-basin,…

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Half Yearly Report and Accounts

To view the Half Year Report and Accounts released by the Company today, please click here.

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Beetaloo Grants to Drive Next Phase of Growth

Empire Energy is pleased to provide shareholders an update regarding grants awarded under the…

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