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Empire Signs LOI with Drilling Contractor for up to Three Wells

Source: www.gulfoilandgas.com 12/8/2014, Location: Not categorized

Empire Oil & Gas has advised that it has continued to make preparations for its 2015-exploration program by signing a Letter of Intent (LoI) with drilling contractor Enerdrill. The LoI is for the drilling of up to three wells (subject to successful fundraising). One of these is planned to be within Permit 389, which hosts Empire’s Red Gully Gas and Condensate Project. The locations of the two remaining wells will be determined after Empire has reviewed the results of the imminent geophysical survey, which will be flown across all its tenements in the onshore Perth Basin.

Empire will continue to work with Enerdrill with the objective of concluding a drilling contract by the end of January 2015.

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