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Index > Australia > Economics > Australian Unlisted &
ASX Listed Companies > EEG.AX Empire Energy Group

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EEG Empire Energy Group - Coal Seam Gas

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.

21-08-2013 - 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.

Empire Energy Group
Level 7
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.





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