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Empire Energy completes a significant gas well in Australia's Gulf of Carpentaria, securing $28.8M for R&D.
Empire Energy completed its 3,310-meter C-5H horizontal well in northern Australia's Gulf of Carpentaria, targeting the Velkerri-B shale and achieving strong gas flow.
Drilled to a total depth of 5,310 meters in 41 days, the well marks a significant milestone in the Carpentaria project, bringing the company closer to its first gas production.
Empire Energy secured $28.8 million in funding from Macquarie Bank for research and development.
4 months ago
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