Beetaloo Operations Update
Empire Energy Group Limited is pleased to provide shareholders with an update regarding its operations in the Beetaloo Sub-basin.
Comments from Managing Director Alex Underwood:
“Empire is executing its 2022 Beetaloo appraisal program, the most active in the history of the Beetaloo Sub-basin, to accelerate the company into commercial production as soon as possible. Gas shortages are causing serious economic strain on the Australian economy, and the only way to bring down prices sustainably is to increase supply. We believe that Empire’s Beetaloo gas can play a major role in solving this enduring challenge.
It is encouraging that our operations team is driving significant cost efficiencies already, and this program will not only provide us with more flow rates from C-3H in the new year, but also critical insights into how to further enhance gas flow productivity.
We look forward to sharing drilling, stimulation, and flow test results in the coming weeks.”
To read the full announcement released today, please click here