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Empire Energy Group Limited

Empire Energy Group is the leading ASX-listed pure Northern Territory hydrocarbon player offering the most direct market exposure to the exciting future of both the McArthur Basin and its Beetaloo Sub-basin.

The Company first listed on the ASX in 1984. In 2006 Empire Energy Group made its initial entry into the US oil and gas industry via a natural gas joint venture development in the Appalachian Basin, North East USA.

In early 2010 Empire Energy Group identified the McArthur Basin as having attractive potential for hydrocarbon bearing black shales, and was successful in securing 7 licence applications in the McArthur Basin, Northern Territory.

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ASX Code
EEG

Sector
Energy

Website
https://empireenergygroup.net/

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News

Beetaloo Basin Webinar Special

- by Paul Sanger

Paul Sanger, a distinguished correspondent from Finance News Network, delves meticulously into the intricacies of the Beetaloo Basin. Engaging in insightful conversations with prominent figures such as the Deputy Minister, a distinguished representative of the Northern Territory Government, and reputable exploration drilling companies. Sanger orchestrates a comprehensive exploration of the pivotal factors shaping the landscape of this significant geological domain.

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ASX closes 0.03% higher: Goldman Sachs predicts decline in iron ore prices

- by Peter Milios

Goldman Sachs predicts a continued decline in iron ore prices this year due to a looming surplus in the physical market and increasing worries about China reducing its steel output, with the current 11.6% drop in iron ore futures from their recent high of US$114.95 to US$101.65 per tonne expected to worsen by a further 12%, meeting the criteria for a bear market, following a brief commodity price rally sparked by China's commitment to its property sector that has now waned due to inadequate stimulus and escalating concerns over Chinese steel production cuts.

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