EEG 1.72% 29.5¢ empire energy group limited

MELBOURNE, Dec 23 (Reuters) - An Australian court declared void...

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    MELBOURNE, Dec 23 (Reuters) - An Australian court declared void grants that the federal government awarded to a subsidiary of Empire Energy Group (EEG) for exploration drilling in the Beetaloo shale basin in the Northern Territory.

    "The Court declares that the Commonwealth's decision dated 9 September 2021 to enter into three contracts with the third respondent is invalid," Justice John Griffiths of the Federal Court of Australia said in a judgment delivered on Friday.

    The order came in a case brought by the Environment Centre NT Inc against Resources Minister Keith Pitt alleging that he had failed to make proper inquiries before granting Imperial Energy A$21 million ($15 million) for its Northern Territory fracking programme. ($1 = 1.3866 Australian dollars)

 
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