EMPIRE Energy said this morning it has completed the sale of its Kansas assets to Mai Operations for US$19.5 million, which have helped Empire pay down debt from $24.81 million to $7.5 million.
Empire has hung onto $1.5 million for its projects and general working capital purposes. Debt is now down by 90% and it has over $3 million cash in the bank. CEO Alex Underwood called it a...
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