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An update from Empire Energy Group Limited ( (AU:EEG) ) is now available.
Empire Energy Group Limited has announced its strategic focus on the Carpentaria Project in the Beetaloo Basin, with plans to commence production in 2025. The project, which is pilot-ready with a 5 trillion cubic feet gas resource, is part of Empire’s broader strategy to leverage its substantial holdings in the Beetaloo Basin. The Northern Territory Government’s investment in infrastructure corridors is expected to support rapid industry growth, positioning Empire favorably in the market.
The most recent analyst rating on (AU:EEG) stock is a Buy with a A$0.74 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:EEG Stock Forecast page.
More about Empire Energy Group Limited
Empire Energy Group Limited operates in the energy sector, focusing on the exploration and production of natural gas. The company is a significant player in the Beetaloo Basin, holding the largest net acreage, which is entirely owned and operated by Empire. Its operations benefit from a high net revenue interest and proximity to existing infrastructure, facilitating rapid commercialization.
Average Trading Volume: 527,700
Technical Sentiment Signal: Sell
Current Market Cap: A$196.5M
See more insights into EEG stock on TipRanks’ Stock Analysis page.