Empire Oil and Gas Looking for Farm Out Partners

Empire Oil and Gas is looking to farm out company’s assets in Perth Basin and Carnarvon Basin and has appointed Macquarie Capital as exclusive financial advisor to assist with identifying and evaluating suitable partners.

Empire, the largest acreage holder in the Onshore Perth Basin, has 11 Petroleum Exploration Permits and two Production Licence Applications in the Perth Basin and also 13 Petroleum Exploration Permits and one Production Licence in the Carnarvon Basin.

The company is seeking to accelerate its seismic and drilling programmes to access a number of existing oil and gas conventional prospects and particularly the huge unconventional oil and gas objectives mapped in both basins.