Other Key highlights include:
- R&D Tax Offset for FY2022 of
-
- A key
- Ms.
- Cash at the end of the Quarter was
Comments from Managing Director
"The acquisition of the Rosalind Park Gas Plant from AGL was a highlight of the Quarter. The plant has a design capacity of 42 TJ / day, which is well in excess of the capacity required for Empire's up to 25 TJ / day EP187 pilot project. Empire expects that it will be able to reduce the timeline to first gas by ~12 months and potentially save more than
The receipt of
The Empire team has commenced the new year with a key focus on reaching FID in the coming months. In the success case, this would see project construction activities occurring in the second half of calendar 2024 and first gas sales in 2025.
Gas sales negotiations are proceeding well, regulatory approval documentation will soon be submitted to the NT regulators, and community consultation is continuing.
Empire is focused on financing the pilot project in a manner that minimizes dilution of shareholders' interests in the company, with the potential to farming out an interest in the project, and securing project financing following execution of a gas sales agreement."
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About
Empire is an active Beetaloo Sub-basin operator, focused on maturing its assets to production. Following the successful appraisal drilling and flow testing of the Carpentaria-2H and 3H wells in Empire's EP187, Empire is targeting first gas flow in H1 2025 at its
Contact:
E: info@empiregp.net
T: +61-2-9251-1846
F: +61-2-9251-0244
WWW: www.empireenergygroup.net
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