Ann: Transformational Acquisition of Pangaea Resources, page-3

How is this not anything but AWESOME
Empire to acquire an operated 82.5% interest in five tenements across the Beetaloo Sub-basin onshore Northern Territory
• Empire’s best estimate Prospective Resources have more than doubled to ~41 TCFe comprising 37 TCF gas and 657 MMbbls liquids (condensate and oil)
• Empire’s 2C Contingent Resources have increased by more than 350% comprising 171 BCF gas and 2.9 MMbbls liquids
• $5 million cash payable and 140 million Empire shares to be issued to Pangaea upon completion of the transaction. Pangaea will also be issued 8 million unlisted Empire options with an exercise price of $0.70 per share
• Transaction materially enhances Empire’s early commercialisation plans for the Beetaloo and provides Empire with multiple drill-ready targets
• The acquisition is subject to Empire shareholder and Northern Territory Government approvals. Completion is expected to occur in June 2021