NAPE Conference Presentation - Houston February 2020
Sydney, Feb 4, 2020 AEST (ABN Newswire) - Empire Energy Group Ltd (
ASX:EEG) (EEGUF:OTCMKTS) NAPE Conference Presentation, Houston, February 2020. The watershed moment has arrived major players drilling throughout 2020.
- Large independent and major oil and gas companies hold substantial acreage positions in the Greater McArthur Basin
- Origin drilling 2 fracked horizontal wells in 2019 / 20 testing Velkerri Shale and Kyalla Formation
- Santos to drill 2 fracked horizontal wells in 2020 testing Velkerri Shale
- Hancock Prospecting has indicated it may invest A$150m A$200m in exploration
- INPEX and Santos , exporters of LNG from Darwin, in the Basin
With Kansas asset sale complete and balance sheet strengthened, Empire Energy is the Australian hydrocarbon player offering the most direct market exposure to the exciting future of both the McArthur and Beetaloo Basins in the Northern Territory.
To view the presentation, please visit:
https://abnnewswire.net/lnk/JFA8A792
About Empire Energy Group Ltd
Empire Energy (ASX:EEG) (OTCMKTS:EEGUF) is a Sydney based Australian oil and gas company holding 100%-owned and operated assets with unconventional targets in the Northern Territory Beetaloo Sub-basin and central trough of the McArthur Basin.
Empire is an active Beetaloo Sub-basin operator, focused on maturing its assets to production. Following the successful appraisal drilling and flow testing of the Carpentaria-2H and 3H wells in Empire's EP187, Empire is targeting first gas flow in H1 2025 at its Carpentaria Pilot Project. The Pilot has a targeted sales gas rate of up to 25 TJ per day utilising the existing McArthur River Pipeline.
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