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23.0¢ empire energy group limited

Ann: Successful Capital Raising, page-9

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sehwag14

49 Posts.

5

06/06/22

10:18

Post #: 61837099
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Originally posted by rbmulvog: ↑

The EEG capital raising release said
I recognise that the market conditions in which we have carried out this capital raising are challenging. However, the capital resources we now have provide the company with the opportunity to maintain strong momentum as we seek to become the first Beetaloo Basin player to commence commercial production.

But they are behind Santos and Tamboran resources
Santos QNT Limited (“Santos”), the operator of EP 161 permit within the Beetaloo Sub-basin, has advised of an approximately 17% increase to the previously reported gas flow rates from Tanumbirini 2H (“T2H”) and 3H (“T3H”).This follows a recalibration of the historic flow data as reported on 1 February 2022, which now indicate the average gas flow rates from T2H and T3H were 2.0 million standard cubic feet per day (“mmscfd”) (normalised at 3.0 mmscfd over 1,000-metres) and 1.7 mmscfd (normalised at 2.9 mmscfd over 1,000-metres) respectively.Further market updates on T2H and T3H are anticipated following the installation of tubing during the second quarter of calendar year 2022.

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Do they have access to infrastructure? EEG has a pipeline running through the property.

EEG Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 23.0¢		Change 0.000(0.00%)		Mkt cap ! $233.9M

Open	High	Low	Value	Volume
23.5¢	23.5¢	23.0¢	$57.89K	250.8K

Buyers (Bids)

No.	Vol.	Price($)
4	100000	22.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.5¢	124000	2

View Market Depth

No.	Vol.	Price($)
4	100000	0.225
4	577269	0.220
9	679994	0.215
9	971699	0.210
4	675500	0.205

Price($)	Vol.	No.
0.235	124000	2
0.240	104763	3
0.245	2544	1
0.250	127216	2
0.255	173500	3

Last trade - 15.45pm 07/10/2024 (20 minute delay)

EEG (ASX) Chart