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EEG: Q1 2025 QUARTERLY REPORT

30 Apr 2025 7:18 AM | Anonymous

Highlights:

  • Empire’s focus through the Quarter has been planning for the hydraulic stimulation of Carpentaria-5H, which is scheduled to take place later this Quarter, and preparation for installation of the Carpentaria Gas Plant in accordance with the Company’s goal to commence gas sales from EP187
  • NLC meeting for the consideration of approval of Beneficial Use of Gas to take place in mid-May
  • Documentation of the Macquarie Midstream Infrastructure Facility completed shortly after Quarter end. Funds under this facility will be applied to the construction of the Carpentaria Gas Plant and associated in-field infrastructure
  • Total liquidity available at the end of the Quarter was $32.2 million, comprised of cash of $14.4 million and $17.8 million of undrawn funding available under the Macquarie facilities

Source: Empire Energy Group Announcements

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