Empire Energy secures $65M to develop Australia's Beetaloo Basin for gas production.

Empire Energy Group received a $65 million funding package from Macquarie Bank for developing the Beetaloo Basin in Australia. The funds will support drilling, completion, and infrastructure installation for the Carpentaria-5H project and gas plant. This financing aims to help Empire Energy achieve pilot production by 2025, addressing gas demand in the Northern Territory and East Coast of Australia.

4 months ago
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