Sydney, Aug 17, 2020 AEST (ABN Newswire) - The shale gas revolution is taking hold in Australia and pure shale gas player Empire Energy Group (ASX:EEG) (EEGUF:OTCMKTS) is in preparation for the drilling of what promises to be the most exciting onshore well of 2020 in the NT's Beetaloo Basin - Carpentaria-1.
The heart of the basin is shared by Santos, Origin Energy and Empire, and the 2,900m well is expected to further realise the enormous potential of the Beetaloo.
Empire alone has booked a P50 potential resource of 13.46TCF. In this interview an upbeat Alex Underwood, Empire's MD, gives background to the operation and the results the Company expects from it.
To view the video interview, please visit:
About Empire Energy Group Ltd
Empire Energy (ASX:EEG) (OTCMKTS:EEGUF) is a Sydney based Australian oil and 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.
Empire is an active Beetaloo Sub-basin operator, focused on maturing its assets to production. Following the successful appraisal drilling and flow testing of the Carpentaria-2H and 3H wells in Empire's EP187, Empire is targeting first gas flow in H1 2025 at its Carpentaria Pilot Project. The Pilot has a targeted sales gas rate of up to 25 TJ per day utilising the existing McArthur River Pipeline.