Empire Energy’s 100%-owned subsidiary Imperial Oil & Gas Pty Limited is the holder of the largest acreage position (>28m acres) in the highly prospective Betaloo Basin. Technically the Beetaloo is a sub-basin of the McArthur Basin, and now gaining global recognition as an important and emerging shale gas frontier.
The Beetaloo Basin is fast developing proof that its extensive shale targets are gas-rich, and potentially liquids- rich, and offer a possible boost to future East Coast Australia’s energy supplies. On top of this, production from the Beetaloo could substantially lift Australia’s growing LNG exports by processing and shipping through Darwin’s expanding terminals. Both options are enjoying strong policy support from both the Northern Territory and Federal governments.
The Beetaloo Basin alone is thought to contain recoverable shale dry gas volumes of over 100 Tcf, with liquids upside. Although yet to be proven, the scale of this estimated resource compares favourably with the scale of resources at Australia’s Northwest Shelf where exports have kept Australia ranking as one of the top two seaborne exporters of LNG for some years.
