Developing Australia's NorthSydney, Nov 25, 2019 AEST (ABN Newswire) - With activities in the Beetaloo Basin ramping up, Empire Energy Group (ASX:EEG) (OTCMKTS:EEGUF) is getting on with the job of adding value to their assets. Seismic acquisition is complete with processing and interpretation underway, drilling approvals are well advanced and drilling in 2020 is now fully funded following a successful capital raise.
Empire offers the most leveraged exposure for investors to these emerging basins which have the potential to transform Australia and Asia's energy markets.
Julian Malnic, Chairman of the Sydney Mining Club, interviews Managing Director Alex Underwood on the recent developments with Empire Energy and talks also about strong community engagement and indigenous support from Traditional Owners in the Northern Territory.
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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