Empire Energy Group Ltd.

Empire Energy Group Ltd. is pleased to announce that gross proceeds of $30 million at $0.30 per share has been raised through a strongly supported two-tranche placement to institutional and sophisticated investors . Highlights: - Commitments received from existing and new institutional and sophisticated investors for a strongly supported $30 million two-tranche Placement - Empire Directors have demonstrated their [...]

Empire Energy Group Ltd. is pleased to announce that it has signed a binding Sale and Purchase Agreement with Pangaea Pty Ltd as trustee of the Pangaea Unit Trust to acquire Pangaea's Beetaloo Sub-basin portfolio for a combination of cash, ordinary shares and unlisted options in Empire as set out in the attached presentation. Empire is also carrying out a capital raising. Further details about the capital raising will [...]

During the financial year the principal continuing activities of Empire Energy Group Ltd. consisted of the progression of exploration and appraisal work programs in Empire's wholly owned and operated exploration tenements and applications located in the highly petroleum prospective Northern Territory McArthur Basin . Key activities completed during the year included the successful drilling of the Carpentaria-1 well in [...]

Empire Energy Group Ltd. is pleased to announce the appointment of Mr Louis Rozman to the Board of Directors. Mr Rozman has had a distinguished career in the natural resources sector across operations, development and project financing. His experience includes construction, project management, joint ventures and project financing including private equity. He has held numerous senior management positions in the industry [...]

Empire Energy Group Ltd. is pleased to advise shareholders that Netherland, Sewell & Associates, Inc. has prepared an updated independent resource report for Empire's 100% owned and operated EP187 tenement located in the Beetaloo Sub-basin, Northern Territory, utilising the technical results of the Carpentaria-1 drilling program. Highlights Empire's best estimate prospective gas resource for EP187 has increased by 47% to [...]

Empire Energy Group Ltd. is pleased to update shareholders on the results of its formation evaluation program incorporating lab analysis recently received from W. D. Von Gonten & Co , and to outline the implications for resource estimates and add details for Empire's forward work programs. Comments from Managing Director Alex Underwood: It was rewarding to report results of the Carpentaria-1 well in Q4 2020, particularly [...]

During the Quarter, Empire Energy Group Ltd. drilled its first Beetaloo Sub-basin well, Carpentaria-1. The results materially exceeded expectations and have established a platform for further growth throughout 2021. Highlights of Q4 2020: - Empire's Carpentaria-1 well, in its wholly owned and operated EP187, intersected thick sequences of liquids rich gas across the Velkerri Shale Formation - Preliminary test results from [...]

Empire Energy Group Limited is pleased to provide an update on preparation for the fracture stimulation and flow testing of its 100% owned-and-operated Carpentaria-1 vertical exploration well in EP187, located on the eastern side of the Northern Territory's Beetaloo Sub-basin. Comments from Managing Director Alex Underwood: "2020 has been a breakout year for Empire. We drilled our first Beetaloo Basin well, Carpentaria-1 [...]

The shale gas revolution is taking hold in Australia and pure shale gas player Empire Energy Group 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 [...]