Empire Energy Group Ltd (ASX:EEG, OTC:EEGUF) MD Alex Underwood tells Proactive the company has made a breakthrough with an independent LNG resource at EP187 permit in the highly prospective Beetaloo Basin, representing a “nationally significant” resource of low CO2 gas. He says the results demonstrate a substantial increase in the contingent resources of EP187 including a 270% increase in 2C contingent resources to 1,739 Petajoules (PJ) representing an average estimated ultimate recovery (EUR) per well of 7.9 PJ.
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