Empire Energy Group Ltd (ASX:EEG) Quarterly Activities Report
OTCMKTS:EEGUF) announced a 47% upgrade to its best estimate Prospective Gas Resource to 3.5 TCF (47% increase) and a maiden best estimate Contingent Gas Resource of 41 BCF within EP187. Empire also made material progress during the quarter planning for an active field season this year.
After quarter end, the Company agreed, subject to customary conditions precedent, to acquire the Beetaloo Basin properties of Pangaea Resources, making Empire one of the largest acreage holders in the Greater McArthur Basin and Beetaloo Sub-basin. Key highlights include:
- Empire s best estimate Prospective Resources have nearly trebled to ~41 TCFe comprising 37 TCF gas and 657 MMbbls liquids (condensate and oil)
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Pure Hydrogen wraps up 1st well at Project Venus
Apr 15, 2021 6:50:am
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by: Shardul Sharma
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Pure Hydrogen wraps up 1st well at Project Venus
Australia’s Pure Hydrogen has started to complete the first Walloon coalbed methane (CBM) pilot well at Project Venus in Queensland’s Surat basin, it said on April 15.
The well will be set up for a controlled three-month draw-down test. Some 694 PJ of prospective gas resource has been certified for the Venus CBM project and an upgrade of this resource is expected this quarter, the company said.
“The results of this initial flow test programme will be used to design an expanded pilot, plan potential future field development and estimate water handling requirements,” it added.