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Empire Energy Raises $28M to Power Beetaloo Basin Gas Production
2:22am on Monday 2nd of June, 2025 AEST
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Energy
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Empire Energy Raises $28M to Power Beetaloo Basin Gas Production
2:22am on Monday 2nd of June, 2025 AEST
Key Points
Equity raise of $28 million via institutional placement and share purchase plan
Funds to finance fracture stimulation and flow testing of Carpentaria-5H well
Installation of Carpentaria Gas Plant and in-field infrastructure
Binding 10-year gas sales agreement with Northern Territory Government
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