Empire Energy Group Limited has successfully completed hydraulic stimulation and drilling operations on Carpentaria-3H and Carpentaria-4V in their Beetaloo Operations.

Carpentaria-3H has been significantly below budget and has delivered all 40 planned stages across 1,989 metres of horizontal well bore.

The total estimated cost of $17.3 million is approximately $3.6 million below the risked budget.

Carpentaria-4V has been successfully drilled to a depth of 2,000 metres, intersecting the same stacked Velkerri Formation shales as the Carpentaria-1 and Carpentaria-2 wells.

Flow testing and production testing will be undertaken to establish long term reservoir deliverability.

The combined C-3H and C-4V work program is forecast to be under risked budget by approximately $5.5 million.