Empire Energy Group Ltd (ASX:EEG) Quarterly Activities Report
Quarterly Activities ReportSydney, July 30, 2021 AEST (ABN Newswire) - The second Quarter has been productive for Empire Energy Group Limited (
Major highlights of the Quarter:
- Transformational acquisition of Pangaea and EMG NT, Beetaloo Sub-basin assets, nearly doubling Empire s NT acreage focused on the highly prospective Beetaloo Sub-basin
- Post-acquisition, Empire s best estimate Prospective Resources (2U) will total ~47 Tcfe comprising 42 Tcf gas and 791 MMbbls liquids (condensate and oil) while 2C Contingent Resources will be 220 Bcfe comprising 199 BCF gas and 3.5 MMbbls of liquids
- The Board and management team of Empire has been strengthened with Mr Louis Rozman completing his first full Quarter as a Director and Mr Paul Fudge and Ms Jacqui Clarke (his alternate) will join the Board once the acquisition completes
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