Empire Energy Group (ASX:EEG) (OTCMKTS:EEGUF) CEO Alex Underwood is interviewed by Mining Executive Julian Malnic on the next exciting phase of shale gas and shale oil discovery in the Northern Territory's Beetaloo and McArthur Basins.
Empire recently sold down its producing US areas to focus its resources on unlocking the vast reserves of NT gas have become a priority for larger energy companies like Santos and Origin.
The company is one of the smaller and most active in the field and is currently acquiring seismic data to inform 2020 drilling. The discoveries offer the potential for new stand-alone LNG exports to nearby Asia markets, the supply of lower-cost gas to eastern markets, and liquid fuels self-sufficiency for Australia, and will form an important component in the development of Northern Australia.
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