Half Yearly Report and Accounts
The displacement of coal generated baseload power with shale gas generated baseload power has driven down aggregate CO2 emissions. Affordable shale derived oil and natural gas has generated broad economic benefits for the people of the United States, with manufacturing flourishing, household energy bills lower, and millions of direct and indirect jobs created.
It is now Australia's opportunity to share in the substantial benefits that shale drilling and completion technology can bring.
As the only ASX-listed small cap company with a substantial acreage position in both the Beetaloo and McArthur Basins, Empire Energy shareholders are uniquely placed to generate substantial returns as these basins progress from the exploration stage into appraisal and development.
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About 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.
Empire Energy Group Ltd