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Empire Energy has signed a binding Sale and Purchase Agreement to acquire Pangaea’s Beetaloo Sub-basin portfolio for a combination of cash, ordinary shares and unlisted options in Empire.

Northern territoryMcarthur riverAlex underwoodHerbert smith freehillsPangaea nt unitMorgan stanleyPangaea nt pty ltdEmpire energy beetalooBaker mckenzieEmpire energyEmpire energyhasPurchase agreementPty ltdUnit trustBeetaloo sub basinProspective resources