EMPIRE ENERGY GROUP LIMITED (EP184 McArthur Basin St Vidgeon region) Photo courtesy of KAG Enterprises Pty Ltd 2013
Corporate Snap-Shot ASX:EEG OTC-QX:EEGNY Share Price = 0.10 Share price and volumes over the past year Mkt Cap = 30mm Debt = 41mm Cash = 3mm EV = 71mm GP EBITDAX = 11.0mm EBITDAX/Int. = +6.0x Shares issued = 308mm Options…
Empire Energy Independent exploration and production company focused on the acquisition and development of conventional oil and natural gas reserves. Australian assets (Imperial Oil & Gas Ltd 100% subsidiary) Tenements cover 14.6mm…
NORTHERN TERRITORY Petroleum Exploration Shale Oil & Gas Potential 5
McArthur/Beetaloo Basin - Geology Proven working petroleum systems Barney Creek Fm 1.64 Billion years old McArthur Basin Trough Targets Up to 900m thick Batten & Walker Fault Zones Gove Urapunga Fault Zone EP(A) 180 Deep water…
Regional Activity Action Dec-12 May-14 Current Lessor Tamboran Falcon O&G Imperial O&G Map Designation Farminee Santos Origin/Sasol N/a Santos Tanumbirini 1 Beetaloo/ Beetaloo/ McArthur Beetaloo Spudded June 14 Region McArthur…
McArthur Basin 14,600,000 acres with carbonaceous shale formations Acreage 10,000,000 acres of identified shale basin troughs Multi shale play targets Both conventional and unconventional oil & gas resources Targets Barney Creek…
Prospective Resource Prospective Resource - Estimate Take-away Volumetric Calculation of prospective hydro- carbons based on work by Crick et al.: Up until 2005 the Marcellus shale was thought to Velkerri - bbl/ha =124,000 (Crick) be…
Data analysis High Risk Outcrop mapping Existing sample analysis Geomodelling Common risk segment mapping Prospect & lead inventory Outcrop mapping Geomodelling Core drilling Sample analysis Field mapping Update…
Current Exploration Strategy Strategy 2014/15 Continue reprocessing available historical seismic Assess shale source rock potential Core drill 4 to 6 wells - EP 184 Geochemical and SRA characterisation of fresh source rock…
Current Program EP184 2014 Reprocess & interpret seismic Develop hydrology study Development of CRS maps Prospects & leads inventory Core well drilling 4-6 holes to be drilled July 2014 Outcrop mapping 13
Common Risk Segment Map -182S & 184N Urapunga fault zone Extensive Up to 500ft thick pay zone Barney Creek Fm & equivalents TOC up to 10.4 % 14
Land Value Assumed Imperial Oil & Gas Valuation = 5mm Sources: JP Moran Research, ASX releases 15
Value Add Takeaways Proven working hydrocarbon province World Class scale compared to USA Basins Multiple Conventional & Unconventional targets Results from drilling over 2014 Core drilling to develop 2015 step-out drilling…
Australia - Key Personnel Bruce McLeod B.Sc (Maths), B.Com, M.Com (Econ) Executive Chairman Chairman & CEO of Empire Energy Group Limited and Empire Energy USA, LLC Since the early 1990s management & financing of listed and unlisted…
Appendices 17 18
Summary of Preliminary Results Source Unit (Core sample analysis from historically acquired cores Velkerri Barney Creek throughout the McArthur Basin. Analysis by Adelaide Research & Innovation Australian Shale Carbon Sequestration Shale…
Migrated Oil Volumes from Core Source Unit Barney Creek Velkerri - Lansen Creek Well GR-10 Broadmere 1 Urapunga Gross Interval (ft) 120-820ft(1) 88-508ft 433-715ft(2) Effective Net Source (ft) 500ft 330ft 330ft Av Rock-Eval Data:…
Preliminary Contingent Prospective Resource Unconventional Prospective Contingent Resource Total Estimated Oil Volumes Generated (mmBbl) Lead Areal closure Barney Ck Velkerri* Square Klm (& equivalents)** P50 P10 P50 P10 P50 P10…
Contact Australia Empire Energy Group Level 7, 151 Macquarie Street Sydney NSW 2001 Ph: +61 (0)2 92511846 Email: infoempiregp.net www.empireenergygroup.net 22