Empire Energy (ASX:EEG) raises $46.8M for gas project expansion

Empire Energy Group raised $46.8 million, with Bryan Sheffield and Liberty Energy investing $5 million each.

The company also sold 2.25% royalty interests in EP187 for $5 million, with Daly Waters and Liberty Energy contributing.

The funding will support drilling a 3km horizontal pilot well and advancing the Carpentaria Pilot Project, aiming for gas sales in 2025.