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Empire Energy Group Limited ( (AU:BTL) ) has provided an announcement.
Beetaloo Energy has received Federal Ministerial approval for the sale of appraisal gas from EP187, following consent from the Traditional Owners and the Northern Land Council. This approval is a critical step towards obtaining final NT Government approval, enabling Beetaloo Energy to continue appraisal drilling and gas sales, which will supply the local NT market and generate royalties for the region.
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 Australia Limited is engaged in the exploration of hydrocarbon resources, 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 significant activity in the Beetaloo Sub-basin known for its world-class hydrocarbon volumes.
Average Trading Volume: 1,326,535
Technical Sentiment Signal: Buy
Current Market Cap: A$354.1M
For a thorough assessment of BTL stock, go to TipRanks’ Stock Analysis page.