EEGUF - Empire Energy thrilled with improved C-3H flow rates

(NewsDirect)

Empire Energy GroupLtd (ASX:EEG, OTC:EEGUF) MD Alex Underwood discusses with Proactiveincreased gas flow rates at an average rate of 2.8 tera joules per dayat its Carpentaria-3H( C-3H) well in the Beetaloo Basin, NorthernTerritory. C-3H, which was brought back online in early August,demonstrated the material benefits to productivity of soaking, throughsignificantly increased gas flow rates. Notably, the ‘post-soak’average daily production rates have increased 30% over the IP27‘pre-soak’ test conducted during the March quarter. Empire expectsimproved recovery and rates in future wells as it adapts drilling andcompletion lessons learnt from executed work programs.

Underwood said:"The Empire team is pleased to see increasing flow rates at C-3Hwhich replicate the improvements in C-2H flow rates post-soaking.

“The technicallearning that is occurring is rapidly building our understanding ofhow to develop the Beetaloo’s Velkerri Shale.

“We believe that thiswill have positive implications for the productivity of futuredevelopment wells.

“We continue to progress our planning for the CarpentariaPilot Project and are on track to seek a final investment decisionfrom the board to progress to commercial production from EP187 in themonths ahead.”

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Proactive Investors

JonathanJackson

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Jonathan@proactiveinvestors.com

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