Tamboran Resources Limited today released its inaugural Sustainability Plan, outlining the Company's wide-ranging set of commitments and actions to achieve its vision of playing a part in the global energy transition to a lower carbon future through the development of a large-scale, clean, low CO2 natural gas resource in the Beetaloo Sub-basin in the Northern Territory of Australia.
Empire Energy Group Ltd
Empire Energy (ASX:EEG) (OTCMKTS:EEGUF) holds over 14.5 million acres of highly prospective exploration tenements in the McArthur and Beetaloo Basins, Northern Territory. Work undertaken by the Company since 2010 demonstrates that the Eastern depositional Trough of the McArthur Basin, of which the Company holds 80% has very considerable conventional and unconventional hydrocarbon potential. The Beetaloo sub-Basin, in which Empire holds a substantial position, has independently assessed world class hydrocarbon volumes in place with a major ramp up in industry activity underway to appraise substantial discoveries already made by major Australian oil and gas operators.
Empire Energy is an experienced conventional oil and gas producer with operations in the Appalachia region (New York and Pennsylvania). Empire has been successfully developing and producing oil and gas since 2006.
VIDEO: Empire Energy (ASX:EEG) Alex Underwood Speaks with Julian Malnic about the Pangaea Asset Acquisition and Upcoming Activities
During Q1, Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) announced a 47% upgrade to its best estimate Prospective Gas Resource to 3.5 TCF (47% increase) and a maiden best estimate Contingent Gas Resource of 41 BCF within EP187.
Following the acquisition of EMG NT's interests in the Tenements, Empire will own a 100% interest in all of its Beetaloo and McArthur Basin properties.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it expects to commence the fracture stimulation and flow testing of its Beetaloo Sub-basin vertical discovery well, Carpentaria-1, in early June.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that gross proceeds of $30 million at $0.30 per share has been raised through a strongly supported two-tranche placement to institutional and sophisticated investors.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it has signed a binding Sale and Purchase Agreement with Pangaea (NT) Pty Ltd as trustee of the Pangaea (NT) Unit Trust to acquire Pangaea's Beetaloo Sub-basin portfolio.
During the financial year the principal continuing activities of Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) consisted of the progression of exploration and appraisal work programs in Empire's wholly owned and operated exploration tenements.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce the appointment of Mr Louis Rozman to the Board of Directors.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to advise shareholders that Netherland, Sewell & Associates, Inc. ("NSAI") has prepared an updated independent resource report for Empire's 100% owned and operated EP187 tenement.