Developments in International and Australian Energy markets relevant for Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF). Events in Europe this year highlight the critical importance of gas for the functioning of the global economy.

Vintage Energy Ltd (ASX:VEN) announces ministerial approval has been received for the transaction announced 29 March 2022 for acquisition of Beach Energy Ltd.'s 15% interest in the Cooper Basin licence PRL 211.

Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has established a sponsored American Depository Receipt (ADR) program in the United States that will commence trading on the over the counter (OTC) market on Thursday 26 May 2022.

Vintage Energy Ltd's (ASX:VEN) Vali gas project has continued to advance through operations on site, the contracting of a rig for well completions and the sourcing of capital items required for construction, including pipe and plant materials.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that on 23 May 2022, the Palm Valley 12 well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1,880m at 0600 hrs ACST in the P1 unit of the Pacoota Formation.

Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is completing preparations for the hydraulic stimulation and extended production test of Carpentaria-2H. Hydraulic stimulation of C-2H is expected to commence around the end of June 2022.

State Gas Limited (ASX:GAS), in Joint Venture with Santos Ltd (ASX:STO), has been appointed Preferred Tenderer of two new areas under the Queensland Government's latest Petroleum Land Release Program.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) announces that joint venture approvals have been provided for Santos as operator to carry out certain key activities related to the planned drilling of three sub-salt exploration wells in 2023.

Vintage Energy Ltd (ASX:VEN) is an Australian oil and gas company approaching its first production and revenue.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that on 16 May 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1,687m at 0600 hrs ACST in the Lower Stairway Formation.