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Empire Energy Group Ltd
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2024 NAPE Conference Houston Presentation
| Alex Underwood | Page 6 of 11 |
April 29, 2024
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"2024 NAPE Conference Houston Presentation"
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Empire has Grown its Certified 2C to LNG Scale 5 Empire’s on ground activities have grown discovered resources to an LNG Scale EP187 Contingent Resources (100%) as at May 2023 Net Sales Gas Low Estimate (1C) Best Estimate (2C) High Estimate (3C) Total 304 PJ (260 BCF) 1,739 (1,483 BCF) 3,507 (2,991 BCF) Average EUR Per Development Well 6.2 PJ (5.3 BCF) 7.9 PJ (6.7 BCF) 9.3 PJ (7.9 BCF) Key Drivers of 2C Uplift ? Carpentaria-1 drill ? Pangaea acquisition ? Carpentaria-1 EPT ? Carpentaria-2H drill ? Charlotte 2D seismic survey ? Carpentaria-2H EPT ? Carpentaria-3H drill and EPT ? Carpentaria-4V drill • Further 2C Contingent Resources in the Western Beetaloo with large “running room” on 2C resource is constrained by well control • Additional delineation with further drilling will almost certainly increase 2C Contingent Resources given Petroleum Resources Management System constraints in resource booking • Success in the pilot program may facilitate maiden 2P reserve booking