AUSTRALASIA

Empire upbeat amid mixed results

EMPIRE Oil & Gas has announced 2C resource estimates for the Red Gully North-1 volatile oil discovery in the Perth Basin, injecting confidence to proceed with the extended well text to access the commercial impact of the new oil play.

Red Gully North.

Red Gully North.

The Perth Basin domestic gas producer said on Friday that the reservoir fluid study and resource assessment of the RGN-1 discovery indicated an initial 2C contingent resource estimate of 200,000 barrels...

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