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Empire Energy Group Ltd (ASX:EEG) $21 million Beetaloo Drilling Grants Approved

Empire Energy Group Ltd (ASX:EEG) $21 million Beetaloo Drilling Grants Approved

$21 million Beetaloo Drilling Grants ApprovedSydney, July 8, 2021 AEST (ABN Newswire) - Empire Energy Group Ltd (
Highlights:
- The Federal Government has approved up to $21 million in grant funding to Empire under the Beetaloo Cooperative Drilling Program
- The funding will support the drilling and flow testing of up to 3 fracture stimulated horizontal appraisal wells in Empire s 100% owned EP187 tenement, additional seismic acquisition and other associated costs
- Empire s planning for its first fracture stimulated horizontal appraisal well later this year is well advanced and fully funded
- Empire expects to commence drilling its first horizontal appraisal well, which will benefit from the grant funding, in Q4 this year (subject to NT Government approvals which are well advanced) ....

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Australian government approves grant funding for Empire's Beetaloo cooperative drilling program

Australian government approves grant funding for Empire's Beetaloo cooperative drilling program
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