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Empire Energy Group Ltd
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2024 NAPE Conference Houston Presentation
| Alex Underwood | Page 4 of 11 |
April 28, 2024
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"2024 NAPE Conference Houston Presentation"
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Empire’s 28.9 million acre footprint • All acreage is 100% owned and operated by Empire with no private royalties. Net Revenue Interest of ~87% 1 • Empire is the largest net acreage holder in the Beetaloo • Access to existing infrastructure: Stuart Highway, Darwin to Adelaide rail corridor and the Amadeus Gas Pipeline (connecting to the East via the Northern Gas Pipeline) • Empire’s four wells in EP187 have delineated a large discovered gas resource including two horizontal wells, fracture stimulated, and flow tested have demonstrated production deliverability • Empire has spent ~A$90m in EP187, supported by ~A$44m in Australian Government funding 3 1. The difference between working interest and net revenue interest (NRI) represents the Northern Territory Government and Traditional Owner royalties