Member Info for dprussky

On 27 March 2023, the House of Representatives passed the Safeguard Mechanism (Crediting) Amendment Bill 2023(1). Empire understands that the bill will be considered by the Senate shortly. The Safeguard Mechanism applies to facilities with scope 1 covered emissions of more than 100,000 tonnes of carbon dioxide equivalent (CO2-e) per year(2). Empire‘s present expectation is that its pilot project is not likely to reach the Safeguard Mechanism threshold.
It has been reported in the media that new gas entrants in the basin will be required to have net zero scope 1 emissions from entry. This is consistent with the prior Commonwealth Government’s April 2022 commitments. Whilst no current impact on the company’s operations, Empire’s management continue to monitor these developments closely.

1. https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r6957
2. https://www.cleanenergyregulator.gov.au/NGER/The-safeguard-mechanism

The flow definitely improved, unfortunately greenies are ones again causing trouble and we may be sitting at new low for all Beetaloo investments and I think good flow rates will not improve the stock prices in the short term. The law that is about to pass will make things like raising capital a problem there for impacting new investment.

Netofo,

As usual pretending to fight climate change and accomplishing nothing....

Correct link

https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.70015&lng=135.10026&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-03-24T00%3A00%3A00.000Z&toTime=2023-03-24T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22

Looks like we have flow improvement. for Empire.
TBN/FOG/FO is covered by the clouds :(

https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.70015&lng=135.10026&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-03-09T00%3A00%3A00.000Z&toTime=2023-03-09T23%3A59%3A59.999Z&layerId=6-SWIR

News for Empire does not appear to be good flare lost it intensity and now noticeable smaller..

Condor Energy Services maybe going little slower since this is new thing in Oz

Good reference for the future flow reference 3 mmcf per day from space

https://apps.sentinel-hub.com/eo-browser/?zoom=16&lat=-16.69663&lng=135.09699&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-03-09T00%3A00%3A00.000Z&toTime=2023-03-09T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22

Underwood's concern was the Market response to the result, not the actual result. They hoped to have something better to get out for the market but to be realistic, that is not Marcellus Shale. It is a very much different shale, and it will need to have a unique approach to extraction, which will take time to develop. Soaking is working on the H2, so let's see what happens in the next 20 days. Remember Tambo and Santos wells. They have a Vertical well with excellent flow rates after being shut down. The irony is that it was shut down due to the lawsuit, which may have opened the proper procedure to open up the shale.

They appear disappointed with the result and mud still coming through the well, but I they talking about improvements and learning from it (and hoping soaking will help) So clearly not slam dunk...

Empire success will probably translate to FOG and Tambo success as well

Empire Energy Group (ASX:EEG) - Primed for a big 2023
Research as a Service (RaaS) is re-initiating coverage of Empire Energy Group (ASX:EEG) which has the largest tenement position in the highly prospective Greater McArthur Basin, including the Beetaloo Sub-basin, in the Northern Territory. Key investment thesis: Empire Energy represents a pure, independent and highly leveraged exposure to the transformational potential of the NT basins; The current phase of drilling and evaluation puts the company on the cusp of the commercial pathway with flow results likely from the Carpentaria-3H and -2H in the next month. Early commercialisation looks tantalisingly close; We reinitiate coverage of Empire Energy Group Limited with a valuation range of $0.68-$1.03/share with a mid-point (base case) of $0.83/share. Our base case represents a >400% premium to the current share price of $0.18/share.

I would expect something to be there already, but progress on site maybe secondary to JR silence since he has been very active with media, also I did not see anything from them on the big conference in TX that happen last week.

Not much changes.... and nothing from Tamborian for the while. Something is afoot.

@ITguy I was just checking on it and here you are with the link already. This one looks very different, way more red and visible with urban filter, all the other flares hardly registered under that filter. https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.70015&lng=135.10026&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-01-23T00%3A00%3A00.000Z&toTime=2023-01-23T23%3A59%3A59.999Z&layerId=4-FALSE-COLOR-URBAN&demSource3D=%22MAPZEN%22

I suspect issues have to do with equipment availability and supplies and not weather.

@805slo I am thinking department that does communications to the market is on Christmas break. Ones everyone is back to full strength communications will start flowing.

https://apps.sentinel-hub.com/eo-browser/?zoom=16&lat=-16.70164&lng=135.0998&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2022-12-09T00%3A00%3A00.000Z&toTime=2022-12-09T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22

@Marshmill very simple. Riddle is in the news constantly, updates coming every other week. POQ is busy liking his posts on twitter and linkedIn

https://apps.sentinel-hub.com/eo-browser/?zoom=16&lat=-16.3465&lng=133.88532&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2022-11-04T00%3A00%3A00.000Z&toTime=2022-11-04T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22