Empire Energy Group (EEG)

Shares / Stock Code

EEG

Stock Exchange / Sharemarket

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Empire Energy Group (EEG), formerly Imperial Corporation, is an oil and gas exploration and development company. The company is focused on onshore oil and gas fields in the United States. Empire Energy Group's operations are through its 92% owned the United States subsidiary Empire Energy (USA) LLC, which was established as the parent vehicle for Empire Energy E&P, LLC. The company has operations in Mid Continental and Appalachia, through Empire Energy (USA) LLC. Its subsidiary also includes Imperial Oil and Gas Pty Ltd. Imperial Oil and Gas Pty Ltd commenced the screening of onshore basins in Australia principally for shale gas exploration. In December 2010, the company acquired around 20,000 acres, mostly HBP, holding around 268 producing oil wells, and an area consisting of 17,000 acres of non-operated oil leases. On July 2, 2010, it Empire Energy sold approximately 5,800 acres of shale rights.

EEG Strategy

  • Opportunistic upstream acquisitions based on Empire 'pricing metrics'
  • Target production assets with attached low risk development
  • Implement field data flow leading to smarter management
  • Efficient leverage of US$150 million commercial credit facility
  • Low cost, technology focused operator
  • Balanced exploration exposure

Empire Energy Group (EEG) Products and Services

  • Oil
  • Gas

Empire Energy Group Competitors:

  • Beach Energy
  • Oil Search
  • Santos
  • Woodside Petroleum

Empire Energy Group (EEG) Locations and Subsidiaries

Empire Energy Group Head Office
Level 7, 151 Macquarie Street,
Sydney NSW 2000
Phone: (02) 9251 1846
Fax: (02) 9251 0244
Email: info@empiregp.net
Empire Energy Group Postal Address
Po Box R356
Royal Exchange NSW 1225

Empire Energy Group Subsidiaries:

  • Empire Energy (USA) LLC
  • Imperial Oil
  • Gas Pty Ltd

Other Empire Energy Group Details

Empire Energy Group, listed 30 August, 1984
ACN 002148361
ABN 29002148361

Empire Energy Group (EEG) Share Price

Submitted by Stock Market News on 22 September, 2011 - 13:19