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Empire Energy Group Limited ( (AU:EEG) ) has issued an announcement.
Empire Energy Group Limited’s Chair, Peter Cleary, addressed the 2025 AGM, highlighting the company’s progress in the Northern Territory gas market. The company has drilled Carpentaria-5H and is preparing it for fracture stimulation, while also refurbishing the gas plant. Empire Energy has engaged with the Northern Land Council and traditional landowners, emphasizing its commitment to environmental and safety standards. The company is also considering a name change to better reflect its Australian focus and operations.
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 gas production. The company is primarily engaged in bringing gas to the Northern Territory market, with significant activities in the Beetaloo Basin.
Average Trading Volume: 527,700
Technical Sentiment Signal: Sell
Current Market Cap: A$196.5M
Find detailed analytics on EEG stock on TipRanks’ Stock Analysis page.