Interview with Alex Underwood, Managing Director of Empire Energy Group (ASX: EEG)
Show Notes
Empire Energy Group Limited (ASX:EEG) is a Sydney based 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 all operators increasingly active in the Beetaloo Sub-basin, attention is building as to the immense potential of this newly recognised province. Empire has completed a vertical frack and flow test of its first well (Carpentaria-1) and a successful horizontal or “lateral” well at Carpentaria 2H with a view to realising early commercial production using existing pipeline infrastructure. Carpentaria-4V and Carpentaria-3H will also be drilled this dry season, subject to logistics.
Across the Beetaloo both the Santos/Tamboran and Origin/Falcon JV’s have made big steps with lateral wells – also into the Velkerri B shale. Empire has the largest holdings across the Beetaloo-McArthur Basins and is also targeting the Velkerri B shale and sees strong potential in the other “stacked play” units, the Velkerri A, C and A-B.
What is Company Interviews?
An insight into junior mining and opportunities to invest.
Company Interviews, a Crux Investor show, exists to cut through the jargon, bias and bluster.
Matthew Gordon, and guest host Merlin Marr-Johnson hone in on the important factors that indicate a company's strong footing for growth and success.