Empire Energy acquires AGL’s Rosalind Park Gas Plant for $2.5m
Empire Energy Group (ASX:EEG) has announced its strategic acquisition of AGL Limited's Rosalind Park Gas Plant for a total consideration of $2.5 million in cash.
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Empire Energy Group Limited
Empire Energy Group Limited (ASX:EEG) is a Sydney based junior Australian oil & gas company holding 100%-owned and operated assets with unconventional targets in the Northern Territory, Beetaloo Sub-basin and central trough of the McArthur Basin.
With major players active in the Beetaloo Sub-basin and market attention increasingly focused on its potential, Empire is progressing with the planned drilling of a multi-objective well (Carpentaria-1) in the Beetaloo Sub-basin with a view to realising commercial production close to existing pipeline infrastructure.
Having rebuilt our balance sheet and established new board and management in 2019. Empire Energy is the leading ASX-listed hydrocarbon player with the most direct market exposure to the exciting future of the McArthur Basin (Beetaloo Sub-Basin) in the Northern Territory.
Empire Energy has been a member of the Australian Petroleum Production and Exploration Association since 2018.
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Spotlight Videos
Stocks of the Hour: BluGlass, Liontown Resources, Noble Helium, Empire Energy
A snapshot of the stocks on the move, featuring BluGlass (ASX:BLG), Liontown Resources (ASX:LTR), Noble Helium (ASX:NHE) and Empire Energy (ASX:EEG).
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Stocks of the Hour: BluGlass, Liontown Resources, Noble Helium, Empire Energy
A snapshot of the stocks on the move, featuring BluGlass (ASX:BLG), Liontown Resources (ASX:LTR), Noble Helium (ASX:NHE) and Empire Energy (ASX:EEG).
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Beetaloo Basin Webinar Special
Paul Sanger, a distinguished correspondent from Finance News Network, delves meticulously into the intricacies of the Beetaloo Basin. Engaging in insightful conversations with prominent figures such as the Deputy Minister, a distinguished representative of the Northern Territory Government, and reputable exploration drilling companies. Sanger orchestrates a comprehensive exploration of the pivotal factors shaping the landscape of this significant geological domain.
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Beetaloo Basin webinar sheds light on unconventional gas development
A special webinar will take place on Wednesday 15 November 2023 to delve into the world-class gas resource in the Beetaloo Sub-basin in the Northern Territory. This event will provide insights into the potential of the Beetaloo and its significance on both a regional and global scale.
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Empire Energy Group Research Report: The Empire strikes gas
Empire Energy provides exposure to the development of the world class unconventional gas resource located in the Beetaloo Sub basin in Australia’s Northern Territory.
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Analyst Views
EEG – Morgans rates the stock as Buy
The target price for Empire Energy Group (EEG) is increased to $1.14 from $0.643. The Speculative Buy rating is unchanged.
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