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It's a gas, gas, gas: How Aussie richlisters plan to unlock a fracking fortune in the NT


It’s a gas, gas, gas: How Aussie richlisters plan to unlock a fracking fortune in the NT
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May 29, 2021
The Beetaloo basin, which lies 600km south of Darwin, has the “potential to rival the world’s biggest and best gas resources,” according to the federal government.
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In June 2018, federal politician Jane Hume rose in the Senate to hail the recipients of that year’s Queen’s Birthday honours. Among them, she noted, was a “special” person, businessman Paul Espie, who Hume counts as both a friend and mentor. Hume described Espie as a business titan and doyen of the Liberal Party, who had just received an Order of Australia for his services to the nation, particularly in the mining and infrastructure sectors. ....

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Empire Energy Group Ltd (ASX:EEG) Chairman's Address to Shareholders - ABN Newswire (@ABN_Newswire)


Empire Energy Group Ltd (ASX:EEG) Chairman s Address to Shareholders
  
Chairman s Address to ShareholdersSydney, May 27, 2021 AEST (ABN Newswire) - By any measure this has been an exciting year, with major developments for Empire Energy Group Ltd (
OTCMKTS:EEGUF) through a period of volatile economic conditions and oil prices.
Recent events in the Australian energy markets highlight the critical role for gas in stabilising the electricity system, its dependent industries and consumers. The power failures this last week at Callide in Queensland and inter alia Liddell in New South Wales impacting many households and putting at risk the Tomago Aluminium Smelter make this all too clear. ....

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Empire Energy Group Ltd (ASX:EEG) Quarterly Activities Report - ABN Newswire (@ABN_Newswire)


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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