Empire’s best estimate prospective gas resource for EP187 has...

Empire’s best estimate prospective gas resource for EP187 has increased by 47% to 3.5 TCF
 Empire has booked a maiden best estimate prospective condensate resource
of 27 million barrels
 Empire has booked a maiden best estimate contingent gas resource of 41 BCF
in the immediate vicinity of the Carpentaria-1 well location
 Empire has received Northern Territory Government approvals to carry out hydraulic stimulation and flow testing of the vertical Carpentaria-1 well
 Tendering for the hydraulic stimulation and flow testing is well advanced, with
operations expected to commence in Q2 2021
 The program will be fully funded from existing cash at bank
 Current cash balance is A$12.3 million