Empire Energy Group Ltd

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.

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to update shareholders on the results of its formation evaluation program incorporating lab analysis recently received from W. D. Von Gonten & Co ("WDVG"), and to outline the implications for resource estimates and add details for Empire's forward work programs.