Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Empire Energy Group Limited ( (AU:EEG) ) just unveiled an update.
Empire Energy Group Limited is advancing its Carpentaria Pilot Project with plans for hydraulic stimulation of the Carpentaria-5H well and the installation of the Carpentaria Gas Plant. The company is preparing for gas sales under the Beneficial Use of Gas provisions, with a focus on engaging traditional owners for necessary approvals. The project aims to confirm the productivity of the Velkerri shale resource, with the first gas sales expected to commence once the Carpentaria Gas Plant is operational.
More about Empire Energy Group Limited
Empire Energy Group Limited operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is particularly concentrated on the Beetaloo Basin in Northern Territory, Australia, and aims to develop its gas resources for local market sales.
YTD Price Performance: -72.26%
Average Trading Volume: 15,271
Technical Sentiment Signal: Buy
Current Market Cap: $111.2M
For a thorough assessment of EEG stock, go to TipRanks’ Stock Analysis page.