Empire Energy Group (ASX:EEG) has announced the drilling of Carpentaria-3H to a depth of 4,460m, has been completed on time and under budget.

Empire says there are strong gas shows throughout the target shale zone, representing by far the longest horizontal section drilled in the Beetaloo Basin to date.

It also says the forecast total cost for the Carpentaria-3H drilling of less than $11M compares favourably to Carpentaria-2H and is a small fraction of the cost of drilling deeper Beetaloo wells.

Empire?s share price closed up 21% today.