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Empire Energy Group Limited ( (AU:EEG) ) has provided an announcement.
Empire Energy Group Limited has updated its investor presentation, revising its projections for global LNG demand and Australian east coast domestic gas market conditions. The updated presentation now references the Shell LNG Outlook 2025, indicating that global LNG demand may not exceed supply until 2033, and incorporates projections from the 2025 Gas Statement of Opportunities by the Australian Energy Market Operator, suggesting supply gaps in the domestic market may emerge from 2029. These changes advise investors to reconsider the forward-looking statements from the original presentation when evaluating the company’s share purchase plan.
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, soon to be renamed Beetaloo Energy Australia Limited, operates in the energy sector, focusing on the exploration and production of natural gas, particularly in the Beetaloo Basin. The company is engaged in addressing the growing demand for LNG and domestic gas markets in Australia.
Average Trading Volume: 619,259
Technical Sentiment Signal: Sell
Current Market Cap: A$190.5M
See more insights into EEG stock on TipRanks’ Stock Analysis page.