Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that gross proceeds of $30 million at $0.30 per share has been raised through a strongly supported two-tranche placement to institutional and sophisticated investors.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it has signed a binding Sale and Purchase Agreement with Pangaea (NT) Pty Ltd as trustee of the Pangaea (NT) Unit Trust to acquire Pangaea's Beetaloo Sub-basin portfolio.
During the financial year the principal continuing activities of Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) consisted of the progression of exploration and appraisal work programs in Empire's wholly owned and operated exploration tenements.