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Empire Energy Group: Quarterly activities report

30 Oct 2023 2:27 PM | Stephanie Berlin (Administrator)
  • Carpentaria-3H (“C-3H) has been shut-in following completion of extended production testing. The 90-day initial production rate (IP90) achieved for C-3H was 3.1 TJ per day
  • Carpentaria-2H and C-3H are now available to form part of the Carpentaria Pilot Project well inventory with the intention to tie into facility infrastructure for production
  • APA will spend up to $5 million on Engineering and Design Concepts and may provide funding support for midstream gas infrastructure facilities associated with Empire’s Carpentaria Pilot Project to transport up to 25 TJ per day to market
  • Carpentaria Pilot Project is progressing towards a final investment decision (“FID”)
  • Cash at the end of the Quarter was $15.1 million and $29.3 million at the date of this report following receipt of a total Research and Development Tax Offset of $15.6 million after Quarter-end

To view the full ASX announcement, click here.

Source: Empire Energy Group

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