17/04/2024 - 14:29

US heavyweights pile into $46.8m Empire cash raise

17/04/2024 - 14:29


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Empire Energy Group says it has received binding commitments to raise a hulking $46.8 million from new and existing institutional shareholders, including two United States-based oil and gas heavyweights. The company will be extremely well-funded after the raise and will use its new “cash stash” to drill a 3km-long development well at its Carpentaria pilot project in the Northern Territory’s Beetaloo Sub-basin.

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