Empire Energy is planning a 165km, 2D seismic survey in the EP187 permit in the Betaloo Sub-Basin.
The Sydney-based exploration and production company revealed in its half-year report that the intended seven-line survey will further delineate the continuity of the Velkerri shale resource in EP187 and results from the survey will be integrated with existing 2D seismic data coverage.
Planning for the drilling of the Carpentaria-2 well, Empire’s first horizontal appraisal well, is at an advanced stage. The well aims to demonstrate commercial flow rates and deliver a better understanding of gas composition over distance within the project area.
Empire expects that this will significantly enhance its Contingent Resource position and enhance discussions with prospective gas customers and transportation owners towards a commercialisation strategy.
Following completion of the Pangaea and EMG NT acquisition, the Empire team is carrying out further analysis and planning over the acquired Western Beetaloo acreage. Around $110 million has been spent on these areas by the Pangaea/EMG joint venture. The extensive technical data is being integrated with Empire’s existing dataset. The company is preparing to further engage with stakeholders, including pastoralists and traditional owners, ahead of proposed on-ground activities scheduled for 2022, to progress preferred horizontal drilling locations.
Empire holds over 14.5 million acres of highly prospective exploration tenements in the McArthur and Beetaloo Basins. Empire Energy is an experienced conventional oil and gas producer with operations in the Appalachia region (New York and Pennsylvania) and has been successfully developing and producing oil and gas since 2006.