Empire Energy Group Limited is pleased to provide shareholders with an update regarding its operations in the Beetaloo Sub-basin. 

Comments from Managing Director Alex Underwood:

"The team has again delivered great results with the execution of the C-3H hydraulic stimulation and C-4V drilling program significantly under budget. Empire continues to be the Beetaloo’s drilling, hydraulic stimulation and cost leader.

Flow testing at C-3H will commence imminently, with initial gas flow rates expected in the coming weeks. Empire will then recommence flow testing on C-2H, following a period of shut-in to monitor pressure build up. C-4V has confirmed that the Velkerri shales continue through to the Carpentaria East fault block with consistent thickness and ~150 metres additional depth. We anticipate a significant uplift in independently assessed contingent resources later this Quarter.

Front end engineering and design work continues for the Carpentaria Pilot Project alongside gas sales and pipeline connection negotiations.

These results further increase the team’s confidence as we drive towards early commercialisation.

The strong cost performance of this program leaves Empire well-funded for the critical upcoming work required to make a Final Investment Decision."

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Source: Empire Energy Group