Sydney, Australia, Sep 13, 2019 - (ABN Newswire) - The impact of shale drilling and completion technology in the United States of America over the last 15 years cannot be overstated. The US has gone from being heavily reliant on imported energy to energy self-sufficient.
The displacement of coal generated baseload power with shale gas generated baseload power has driven down aggregate CO2 emissions. Affordable shale derived oil and natural gas has generated broad economic benefits for the people of the United States, with manufacturing flourishing, household energy bills lower, and millions of direct and indirect jobs created.
It is now Australia's opportunity to share in the substantial benefits that shale drilling and completion technology can bring.
As the only ASX-listed small cap company with a substantial acreage position in both the Beetaloo and McArthur Basins, Empire Energy shareholders are uniquely placed to generate substantial returns as these basins progress from the exploration stage into appraisal and development.
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About Empire Energy Group Ltd:
The Company has over 14.5 million acres in the McArthur & Beetaloo Basins, Northern Territory, both of which are considered highly prospective for large shale oil and gas resources. Work undertaken by the Company over the past 5 years demonstrates that the Central Trough of the McArthur Basin, of which the Company holds around 80%, is highly prospective, with key similarities to those extending through Oman, Siberia and Southern China and which contain resources of billions of barrels of oil equivalent.
Empire Energy Group Ltd E: firstname.lastname@example.org T: +61-2-9251-1846 F: +61-2-9251-0244 WWW: www.empireenergygroup.net
Empire Energy Group Ltd
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