Empire Energy Group - ASX code EEG
Empire holds 14.5 million acres of shale
formation in McArthur Basin NT.
Empire already has many producing wells, and some very big (and
highly prospective) tenements (Marcellus & Utica) in planning phase.
But McArthur is planned to dwarf everything else.
Empire Energy Group Limited is an oil
and gas exploration and production (E&P) Company focused on onshore
long-life oil and gas fields, primarily in the USA.
The Company targets producing oil and gas assets with attaching low
cost, low risk development acreage. The business strategy is to
operate all assets. USA oil and gas operations are managed by an
experienced and qualified technical team based in the USA.
In addition to production assets, the Company is undertaking an
exploration and development program of its extensive oil and gas
shale opportunities in New York and
Pennsylvania in the USA and
The Northern Territory, Australia. The Company is also participating
in a Joint Venture seeking conventional oil reservoirs in the
Williston Basin, North Dakota.
The Northern Territory Minister for
Mines and Energy formally granted Exploration Permit EP184 to
Empire's 100% owned subsidiary Imperial Oil & Gas Pty Ltd. Grant of
EP184 follows the signing of an Exploration Agreement by Imperial,
Aboriginal Native Title Claimants and the Northern Land Council on
14th June 2013. EP184 is located in the highly petroleum prospective
central trough of the McArthur Basin south of the Roper River.
151 Macquarie Street
Sydney NSW 2000
Telephone: (02) 9251 1846
Fax: (02) 9251 0244
Search the ASX website for company announcements from Empire Energy Group
Empire Energy Group 5 year chart, dated
26 November 2013.