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Empire Energy Group Limited (ASX:EEG)

ALERT: Price-sensitive ASX Announcement for EEG
Current share price for EEG : $0.185 0 (0%)+
Announcement
Release
13 Jun 2025 8:23AM
Price at Release
$0.185
Full Release
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Summary
Empire Energy Group Limited announced the successful completion of its Share Purchase Plan (SPP), which was well supported by shareholders and has been upsized to raise a total of $7 million. The funds raised will support the company's ongoing exploration and development activities in the Beetaloo Sub-basin, particularly focusing on progressing its Carpentaria Pilot Project and associated gas appraisal work. The SPP complements a recently completed placement, and both initiatives have enabled Empire Energy to secure additional capital to advance its strategic objectives, with the Board noting the strong commitment from both existing and new shareholders.
Key Points
  • Empire Energy Group Limited completed its Share Purchase Plan (SPP) with strong shareholder support.
  • The SPP was upsized to raise a total of $7 million.
  • Funds raised will be used for exploration and development in the Beetaloo Sub-basin.
  • Focus will be on progressing the Carpentaria Pilot Project and gas appraisal activities.
  • The SPP complements a recent placement to raise additional capital.
  • The capital raised strengthens Empire Energy’s financial position for strategic progress.
  • The Board expressed appreciation for the continued support from shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.