WELCOME TO EMPIRE ENERGY GROUP
Empire Energy Group Limited (ASX:EEG) is a Sydney based Australian oil and 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.
Empire is an active Beetaloo Sub-basin operator, focused on maturing its assets to production. Following the successful appraisal drilling and flow testing of the Carpentaria-2H and 3H wells in Empire’s EP187, Empire is targeting first gas flow in H1 2025 at its Carpentaria Pilot Project (“Pilot”). The Pilot has a targeted sales gas rate of up to 25 TJ per day utilising the existing McArthur River Pipeline.
The Empire team is making material progress on the Carpentaria Pilot Project, advancing:
- Field Development Planning, including identifying locations for and the design of development wells and surface facilities;
- Pipeline access negotiations;
- A formal gas sales marketing process;
- Regulatory and indigenous approvals; and
- Planning for project financing.
Empire is proud of its role in the exploration and appraisal of the world-class Beetaloo Sub-basin and, together with the acquisition of Pangaea (NT) Pty Ltd, has invested ~$A200 million on-ground in the Northern Territory to explore and appraise the Beetaloo. This investment has contributed to generating economic opportunities for the regions, traditional owners and all Territorians. Our company has established strong connections with businesses and communities in the Northern Territory and is working hard to progress further opportunities as the project activities continue.
Empire Energy has been a member of the Australian Energy Producers 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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