Empire Energy Group Ltd (ASX:EEG) Strong Carpentaria-1 Flow Rates
OTCMKTS:EEGUF) is pleased to provide shareholders with an update regarding the ongoing flow testing of the vertical Carpentaria-1 well in Empire s 100% owned and operated EP187 tenement, located onshore Northern Territory in the Beetaloo Sub-basin.
- Empire s Carpentaria-1 vertical well has flowed gas to surface at rates that exceed expectations including an initial peak rate of >0.5 mmscf / day and an initial stabilized rate of 0.37 mmscf / day over a 72-hour test period and an instantaneous peak rate following a short shut in of >1.6 mmscf / day
- As a result, Empire has lodged a Discovery Notice with the Northern Territory Government
Australia: Empire Energy reports strong Carpentaria-1 flow rates
28 Jun 2021
Empire’s Carpentaria-1 vertical well has flowed gas to surface at rates that exceed expectations including an initial peak rate of >0.5mmscf/ day and an initial stabilized rate of 0.37 mmscf / day over a 72-hour test period and an instantaneous peak rate following a short shut in of >1.6 mmscf / day
As a result, Empire has lodged a Discovery Notice with the Northern Territory Government
Results achieved to date compare favourably to other results across the Beetaloo Sub-basin and indicate that future horizontal development wells in EP187 have the potential to produce at commercial flow rates
Empire Energy Group Ltd (ASX:EEG) Material Beetaloo Resource Upgrade
OTCMKTS:EEGUF) is pleased to advise shareholders that Netherland, Sewell & Associates, Inc. ( NSAI ) has prepared an updated independent resource report for Empire s 100% owned and operated EP187 tenement located in the Beetaloo Sub-basin, Northern Territory, utilising the technical results of the Carpentaria-1 drilling program.
Highlights
- Empire has booked a maiden best estimate prospective condensate resource of 27 million barrels
- Empire has booked a maiden best estimate contingent gas resource of 41 BCF in the immediate vicinity of the Carpentaria-1 well location
- Empire has received Northern Territory Government approvals to carry out hydraulic stimulation and flow testing of the vertical Carpentaria-1 well
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