Empire Energy ‘leading development of the Beetaloo Basin’

0
1091
Melbourne, Victoria – News Direct – 30 November 2022 –

PressReleaseTMPMxuOmm.jpg

Empire Energy Group Ltd (ASX:EEG) managing director Alex Underwood tells Proactive that successful drilling of the Carpentaria-3H well demonstrates that their team continues to lead the development of the Beetaloo Basin. He says the final cost of drilling and casing this latest well is likely to be lower than the cost of Empire’s first horizontal well, Carpentaria-2H, despite having double the length of horizontal section within the target Velkerri-B shale section.
Hashtag: #EmpireEnergy

The issuer is solely responsible for the content of this announcement.

Join The European Business Briefing

New subscribers this quarter are entered into a draw to win a Rolex Submariner. Join 40,000+ founders, investors and executives who read EBM every day.

Subscribe