Empire Energy Group Limited (AU:EEG) has released an update.
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Empire Energy Group Limited has secured a A$65 million financing package from Macquarie Bank to advance its exploration and infrastructure projects in the Beetaloo Basin. This includes a significant upsizing of their R&D Facility to fund drilling activities and the construction of the Carpentaria Gas Plant. The deal underscores Empire’s strategic move towards pilot gas production aimed at addressing Australia’s East Coast supply constraints.
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