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Empire Energy’s $28M Raise Fuels Beetaloo Basin Gas Push with 2025 Sales in Sight

6:01pm on Wednesday 4th of June, 2025 AEST Energy
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Empire Energy’s $28M Raise Fuels Beetaloo Basin Gas Push with 2025 Sales in Sight

6:01pm on Wednesday 4th of June, 2025 AEST
Key Points
  • Equity raise of $28 million via institutional placement and share purchase plan
  • Funds to support hydraulic stimulation and flow testing of Carpentaria-5H well
  • Binding 10-year gas sales agreement with Northern Territory Government
  • Secured $65 million financing package with Macquarie Bank for infrastructure
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