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Empire Energy Group Ltd
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2024 NAPE Conference Houston Presentation
| Alex Underwood | Page 11 of 11 |
April 28, 2024
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"2024 NAPE Conference Houston Presentation"
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Basin-wide Appraisal Drilling is Demonstrating the Commercial Case 10 • Empire drilling and fracture stimulation costs ~2/3 of deeper wells (on a like for like basis) • Empire generating strong flow rates on a per dollar of capex basis, building the economic case for the basin flanks • Empire’s gas has a higher energy content than dry gas (with positive implications for revenue) • 100% interest in all properties and no private royalties maximises farm out flexibility and economics • Empire’s extremely low in-situ CO 2 reduces offset costs • Flow rates achieved are from short lateral tests