Empire Energy says early signs point to economic Beetaloo Basin flow rates
News release
by
Empire Energy Group Ltd
Melbourne, Victoria
|
March 06, 2023 07:30 PM Eastern Standard Time
Empire Energy Group Ltd (ASX:EEG, OTC:EEGUF) MD Alex Underwood discusses encouraging flow test results from the Carpentaria wells within the Beetaloo Sub-Basin in Australia's Northern Territory. After reopening C-2H, production quickly built to more than 3 million standard cubic feet per day (mmcf/day) and has now stabilised at 3.25 mmcf/day. This represents a 33% increase compared to the corresponding flow rate after the first eight days of pre-shut-in initial flow.
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