Empire Energy Group Ltd

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to provide shareholders the following issued capital and liquidity update.

The shale gas revolution is taking hold in Australia and pure shale gas player Empire Energy Group (ASX:EEG) (OTCMKTS:EEGUF) is in preparation for the drilling of what promises to be the most exciting onshore well of 2020 in the NT's Beetaloo Basin - Carpentaria-1.

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it will commence drilling the Carpentaria-1 well in Empire's 100% owned Northern Territory permit EP187 today.

The Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) team has been intensively focused on the drilling of the Carpentaria-1 well scheduled to spud in September 2020. Civil works to prepare the well pad, an access track to it and water bore drilling are well advanced in preparation for the commencement of drilling.

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that Schlumberger Land Rigs 183 rig has commenced mobilisation to the Carpentaria-1 well site in NT permit EP187. Empire expects to commence drilling the Carpentaria-1 well in the second half of September 2020.

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that gross proceeds of A$10 million at A$0.30 per share has been raised through an unconditional single-tranche placement to institutional and sophisticated investors.

The shale gas revolution is taking hold in Australia and pure shale gas player Empire Energy Group (ASX:EEG) is in preparation for the drilling of what promises to be the most exciting onshore well of 2020 in the NT's Beetaloo Basin - Carpentaria-1.

Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it has executed a Rig Services Contract with Schlumberger for the drilling of the Carpentaria-1 well in EP187 for spudding in the coming weeks.

At the close of Q2 2020, Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is on the eve of exciting advances with the Company in readiness for the drilling of its first well in the highly-prospective and increasingly-active Beetaloo Sub-basin of the Northern Territory, Carpentaria-1.

The world's major economies are transitioning to sources of energy with lower carbon emission intensity. According to the Australian Clean Energy Regulator, Australia achieved its 2020 renewable energy target of 33,000 GWh in September 2019, more than a year ahead of schedule.