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  • Empire Energy Group: Q4 2023 Quarterly Report

Empire Energy Group: Q4 2023 Quarterly Report

23 Jan 2024 1:54 PM | Stephanie Berlin (Administrator)

Highights

  • Empire acquired the Roslind Park Gas Plant (“RPGP”) from AGL Limited for $2.5 million in cash, significantly accelerating the path to Carpentaria Pilot Project production and reducing the capital expenditure required to commence gas sales 
  • R&D Tax Offset for FY2022 of $15.6 million in cash received. Proceeds applied to debt reduction and working capital including FID expenses
  • Carpentaria Pilot Project is progressing towards a final investment decision (“FID”) 
  • A key Northern Territory gas field continues to produce below contracted volumes leaving the Northern Territory domestic market short of gas 
  • Ms. Karen Green appointed as an independent Non-Executive Director and Chair of the Audit & Risk Committee effective 17 November 2023 
  • Cash at the end of the Quarter was $17.3 million

Source: Empire Energy Group


Follow the links below to view the full ASX announcements:

Quarterly Activities Report as at 31 December 2023: Activities Report

Quarterly Cashflow Report as at 31 December 2023: Cashflow Report


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