Corporate Connect Research Analyst Richard Close has released a flash report for Empire Energy Group (ASX:EEG).
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. The company’s recent work program on the Carpentaria Project (EP187) in the East Beetaloo has produced commercial flow rates from their initial horizontal wells drilled into the Velkerri B shales as well as successfully driving down unit drilling and completion costs – a crucial metric in the unconventional shale gas industry.
See the full report by downloading the link here: https://www.sharecafe.com.au/company/empire-energy-group-limited/