Empire Energy Group Ltd.

Empire Energy Group Ltd. is pleased to provide shareholders with an update regarding the ongoing flow testing of the Carpentaria-2H well in Empire's 100% owned and operated EP187 tenement, located in the Northern Territory's Beetaloo Sub-basin. - Average of 2.6 million standard cubic feet per day sustained flow rate achieved over the first 13 days of flow testing with negligible decline - Flow rate was achieved from 927m [...]

Empire Energy Group Ltd. , a key milestone in the execution of the 2022 drilling, stimulation and flow testing program, the largest in the company's history. Comments from Managing Director Alex Underwood: "I am delighted that our operations team has successfully stimulated Carpentaria-2H, the largest stimulation of a Beetaloo well to date, without environmental or safety incident. This is another big milestone for Empire [...]

Empire Energy Group Ltd. provide the Quarterly Activities Report June 2022. Q2 2022 Highlights - Carpentaria-2H hydraulic stimulation is progressing - Preparations continue for the drilling of Carpentaria-4V, and drilling and hydraulic stimulation of Carpentaria-3H later in 2022 - Empire received Beetaloo Cooperative Drilling Program progress payments totaling $5.4 million in cash during the Quarter - Mr. Robin Polson [...]

Empire Energy Group Ltd. is pleased to announce the appointment of Robin Polson as Chief Financial Officer. Robin has been deeply involved in the development of the Australian east coast gas industry for over 20 years. He has extensive knowledge of the gas industry in general and in particular the Northern Territory gas market. Robin has strong relationships and experience working with key gas industry financiers [...]

Empire Energy Group Ltd. is pleased to advise it has completed the Share Purchase Plan that was announced to ASX on 14 June 2022. A total of 11,363,702 new fully paid ordinary shares will now be issued, raising $2.5 million . Investors who participated in the SPP will also receive one free attaching option for every two SPP Shares issued, subject to shareholder approval. Each Attaching Option confers on the holder the [...]

Empire Energy Group Ltd. is pleased to advise that the fracture stimulation of Carpentaria-2H has commenced. C-2H is located in Empire's 100% owned and operated EP187 Beetaloo Sub-basin acreage. The first of 25 planned stages across the horizontal section has been successfully pumped within the Velkerri B Shale. As previously announced, the stimulation has been designed to utilise several fluid mixes to assess which [...]

Empire Energy Group Ltd. is pleased to announce that the Company's Share Purchase Plan to raise $2.5 million has been fully underwritten by Blue Ocean Equities Pty Limited. As previously advised, the SPP is scheduled to close at 5.00pm on Tuesday, 12 July 2022, to give shareholders the opportunity to consider their investment in this period of market volatility. All other terms and conditions of the SPP remain unchanged [...]

Empire Energy Group Ltd. advises shareholders, post our recent capital raising while our SPP is still open, to bring you up to date on the opportunity ahead of us. The uncertainty in the international outlook created by increasing interest rates, together with increasing energy costs, has been harsh on equity valuations. Unfortunately, Empire has not been immune. This is starkly contrasted by energy commodity prices [...]

Empire Energy Group Ltd. is pleased to announce that it has received binding firm commitments to raise $27.5 million via a strongly supported single-tranche placement of new fully paid ordinary shares to institutional and sophisticated investors at $0.22 per Share . Subject to shareholder approval, Empire will issue one free attaching unlisted option for every two shares subscribed for by participants under the Placement [...]

Developments in International and Australian Energy markets relevant for Empire Energy Group Ltd. . Events in Europe this year highlight the critical importance of gas for the functioning of the global economy. Who would have predicted that the key LNG price index, the Japan Korea Marker peaking at US$55.97 MMbtu on March 7 and the Henry Hub Index trading above US$9 MMbtu this week; dramatic increases of 454% and 204 [...]