Empire Oil & Gas NL (ASX: EGO) has appointed Macquarie Capital as exclusive financial advisors to assist with identifying and evaluating suitable "across the basin farmouts" for its Perth Basin and Carnarvon Basin assets.
Empire is the largest acreage holder in the onshore Perth Basin with 11 petroleum exploration permits and two production licence applications.
It also holds 13 petroleum exploration permits and one production licence in the Carnarvon Basin, also a very large onshore position.
Empire is accelerating its seismic and drilling programs to access a number of existing oil and gas conventional prospects as well as the huge unconventional oil and gas objectives mapped in both basins.
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