Empire doubles Beetaloo footprint

EMPIRE Energy will merge with Beetaloo player Pangaea Resources in a cash, scrip and option deal that will see the latter take a 30% share of Empire and appoint its man Paul Fudge to the board.

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In return Empire gains a huge swathe of already drilled acreage close to its existing footprint and doubles its best estimate prospective resources to 37 trillion cubic feet of gas and 657 million