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.

November 27, 2024
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