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 market, attention is building as to its immense potential. Empire has completed a vertical frack and flow test of its first well (Carpentaria-1) with a view to realising early commercial production using existing pipeline infrastructure.
With the acquisition of the Pangaea assets in the western Beetaloo, further early production opportunity exists with the Amadeus Gas Pipeline passing through our leases. Approval applications are in process for fresh work programs of this new acreage.
The 2021 dry season sees Empire drilling and fracture stimulating its horizontal well targeting the Velkerri B shale. Across the Beetaloo both the Santos Tamboran and Santos Falcon JV’s have made big steps with lateral wells – also into the Velkerri B shale. Empire is 100% owner and operator of its acreage and has the largest holdings across the Beetaloo-McArthur Basins.
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 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.
"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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