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Empire Energy Group: ASX Announcement

29 May 2023 4:30 PM | Stephanie Berlin (Administrator)

Major EP187 contingent resources upgrade

LNG scale discovered resource delineated in EP187 

  • Successful 2022 Beetaloo work program has resulted in the certification of an LNG scale resource as independently assessed by Netherland, Sewell & Associates, Inc. (“NSAI”) for Empire’s wholly owned and operated EP187
  • 270% increase in 2C Contingent Resources to 1,739 PJ representing an average Estimated Ultimate Recovery (“EUR”) per well of 7.9 PJ
  • 217% increase in 1C Contingent Resources to 304 PJ representing an average EUR per well of 6.2 PJ
  • 129% increase in 3C Contingent Resources to 3,507 PJ representing an average EUR per well of 9.3 PJ
  • Due to the high calorific value of the Empire’s EP187 gas, NSAI assessed sales volumes in PJ have a higher energy content than equivalent dry gas volumes.

For full ASX announcement, click here.

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