Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Empire Energy Group Limited ( (AU:BTL) ) has provided an announcement.
Beetaloo Energy has received final approval from the Northern Territory Government to proceed with pilot production and gas sales from EP187, marking a significant milestone as the first such approval on Aboriginal Freehold land. This approval allows the company to commence gas sales under a 10-year agreement with the NT Government and proceed with the construction of the Carpentaria Gas Plant, which will enhance energy security in the region by supplying gas to the local market. The development is expected to generate jobs and provide affordable energy, contributing to a gas-led economic recovery for the Northern Territory.
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 is a company operating in the oil and gas industry, holding 28.9 million acres of exploration tenements in the McArthur Basin and Beetaloo Sub-basins in the Northern Territory. The company focuses on both conventional and unconventional hydrocarbon potential, with substantial positions in areas known for significant hydrocarbon volumes.
Average Trading Volume: 1,419,431
Technical Sentiment Signal: Buy
Current Market Cap: A$347.9M
For an in-depth examination of BTL stock, go to TipRanks’ Overview page.