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Empire Energy announces Beetaloo resource upgrade

Empire said earlier this month it will speed up its investment decision after Northern Territory’s (NT) green light for developing the Beetaloo.

Empire-energy-on , Northern-territory , Australia , Higher-energy-content , Empire-energy , Gas-contract-price , Gas-production , Ep187-tenement , Fracturing , Netherland , Sewell-amp-associates

Oz Empire Upgrades NT Resources by 47%


Oz Empire Upgrades NT Resources by 47%
Feb 22, 2021 3:40:am
Summary
by: Shardul Sharma
Posted in:
Oz Empire Upgrades NT Resources by 47%
Sydney-listed Empire Energy on February 22 announced a resource upgrade for its 100% owned and operated EP187 tenement located in the Beetaloo sub-basin, Northern Territory.  
Empire said that Netherland, Sewell & Associates has prepared an updated independent resource report utilising the technical results of the Carpentaria-1 drilling programme. The best estimate prospective gas resource for EP187 has increased by 47% to 3.5 trillion ft
3. 
The company has booked a maiden best estimate prospective condensate resource of 27mn barrels. It has also booked a maiden best estimate contingent gas resource of 41bn ft

Alex-underwood , Sewell-associates , Empire-energy-on , Empire-energy , Northern-territory , Contingent-gas-resources , Netherland , Sewell-amp-associates , Prospective-gas-resource-volumes , Estimate-prospective-gas-resource , Ep187-tenement