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Empire Energy Raises $28M, Prepares for Breakthrough in Beetaloo

2:22am on Monday 2nd of June, 2025 AEST Energy
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Empire Energy Raises $28M, Prepares for Breakthrough in Beetaloo

2:22am on Monday 2nd of June, 2025 AEST
Key Points
  • Completed $28 million placement at $0.16 per share with attaching options
  • Directors committed additional $250,000 investment
  • Funds allocated for hydraulic fracture stimulation and flow testing of Carpentaria-5H well
  • Share Purchase Plan launched to raise up to $3 million on same terms as placement
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