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Empire Energy Group Limited ( (AU:BTL) ) has provided an update.
Beetaloo Energy has announced the arrival and setup of flow testing equipment at its Carpentaria-5H well site, with operations set to commence soon. The IP30 flow test, crucial for future well design and pilot production, was delayed due to third-party equipment availability and is expected to yield results by December 2025, impacting the company’s operational timeline and stakeholder expectations.
The most recent analyst rating on (AU:BTL) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
More about Empire Energy Group Limited
Beetaloo Energy holds 28.9 million acres of exploration tenements in the McArthur Basin and Beetaloo Sub-basins, Northern Territory. The company focuses on both conventional and unconventional hydrocarbon potential, with significant positions in areas with world-class hydrocarbon volumes.
YTD Price Performance: 20.0%
Average Trading Volume: 1,337,777
Technical Sentiment Signal: Buy
Current Market Cap: A$335.5M
See more insights into BTL stock on TipRanks’ Stock Analysis page.