Sydney, Sep 28, 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:
https://www.abnnewswire.net/press/en/101941/eeg
About Beetaloo Energy Australia Limited
Beetaloo Energy Australia Limited (ASX:BTL) (OTCMKTS:EEGUF) holds 28.9 million acres of highly prospective exploration tenements in the McArthur Basin and Beetaloo Sub-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 around 80%, has enormous conventional and unconventional hydrocarbon potential. The Beetaloo Sub-basin, in which Beetaloo Energy holds a substantial position, has world-class hydrocarbon volumes in place and a ramp up in industry activity to appraise substantial discoveries already made by major Australian oil and gas operators is ongoing.
| ||
|
