Empire Energy Group acquired AGL's Rosalind Park gas plant for $2.5 million in cash, expediting the Carpentaria Pilot Project's production timeline and reducing capital expenditure.

The acquisition is estimated to yield over $30 million in cost savings, accelerating the timeline by approximately 12 months compared to new build alternatives.

The move aligns with Empire Energy's goal of reaching a final investment decision for the Pilot Project in the coming months.

The company aims to commence gas sales in 2025 after refurbishing and transporting the Rosalind Park gas plant to the Carpentaria Pilot Project in 2024.