WELCOME TO EMPIRE ENERGY GROUP
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 all operators increasingly active in the Beetaloo Sub-basin, attention is building as to the immense potential of this newly recognised province. Empire has completed a vertical frack and flow test of its first well (Carpentaria-1) and a successful horizontal or “lateral” well at Carpentaria 2H with a view to realising early commercial production using existing pipeline infrastructure. Carpentaria-4V and Carpentaria-3H will also be drilled this dry season, subject to logistics.
Across the Beetaloo both the Santos/Tamboran and Origin/Falcon JV’s have made big steps with lateral wells – also into the Velkerri B shale. Empire has the largest holdings across the Beetaloo-McArthur Basins and is also targeting the Velkerri B shale and sees strong potential in the other “stacked play” units, the Velkerri A, C and A-B.
Empire Energy has been a member of the Australian Petroleum Production and Exploration Association since 2018.
The recently re-tested flow rates of the Origin-Falcon JV’s the Amungee well have offered a breakthrough re-rating of the resource potential of the Velkerri B shale:
“The well was successfully put back on production testing on 7 August 2021. The results suggest a normalised gas flow rate equivalent of between 5.2-5.8 mmscf/d per 1,000m of horizontal section. A typical future production well would be likely to have a horizontal production section up to three kilometres.”
3 September 2021 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG).
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 through burial and maturation over long geologic periods generate hydrocarbons. This is unlike conventional oil and gas fields where the hydrocarbons move through permeable formations migrating into reservoirs. In the case of shale oil and gas the shale is both the source and reservoir. To achieve commercial flow rates the lateral wells are drilled horizontally along the productive horizon and then hydraulically stimulated allowing gas and any liquid “oil” fractions to produce from the formation and to flow to the wellhead.
Empire Energy Group is the leading ASX-listed pure Northern Territory hydrocarbon player offering the most direct market exposure to the exciting future of both the McArthur Basin and its Beetaloo Sub-basin
"The Beetaloo has been a long time getting here - in my view 2021/22 will be the year that the potential of the Velkerri Formation really gets attention. We are now drilling Empire’s first ever lateral well into the B shale seeking to prove commercial flow rates.
The Santos Tamboran JV has reported strong gas pressures in both of its completed laterals Tanumbirini 2H and Tanumbirini 3H - both into the Velkerri B - and both wells are to be fracture stimulated and flow tested.
The Origin Falcon JV has also been successful with the Velkerri 76 S2-1vertical appraisal well also showing strong gas in mudlogs." - Empire Energy Managing Director, Alex Underwood.
" 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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