SEAAOC Conference Presentation
Sydney, Sep 13, 2023 AEST (ABN Newswire) - Empire Energy Group Ltd'S (
ASX:EEG) (EEGUF:OTCMKTS) Beetaloo footprint is comparable in size to significant portions of the core areas of the Marcellus Shale play in the Appalachian Basin.
More than 9,000 wells are producing from similar depths to Empire Beetaloo play (~34 percent of all Marcellus wells) across both core areas
The majority of the more than 27,000 producing Marcellus Shale wells are less than 2,250 metres below ground level
Marcellus shale producing acreage has typically transacted at US$5,000 to US$25,000 per acre2. Empire is valued at ~US$70 per acre based on the Carpentaria Project and Western Beetaloo Project alone
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About Beetaloo Energy Australia Limited
Beetaloo Energy Australia Limited (ASX:BTL) (OTCMKTS:EEGUF) holds 28.9 million acres of highly prospective exploration tenements in the McArthur Basin and Beetaloo Sub-basins, Northern Territory. Work undertaken by the Company since 2010 demonstrates that the Eastern depositional Trough of the McArthur Basin, of which the Company holds around 80%, has enormous conventional and unconventional hydrocarbon potential. The Beetaloo Sub-basin, in which Beetaloo Energy holds a substantial position, has world-class hydrocarbon volumes in place and a ramp up in industry activity to appraise substantial discoveries already made by major Australian oil and gas operators is ongoing.
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