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Empire Energy Group Continues Kansas Oil Drilling

Empire Energy Group (ASX: EEG) is set to early next month drill the third of at least 10 development wells it is drilling in the Central Kansas Uplift.

The first well is already producing about 24.5 barrels of oil per day while the second has being completed with the company waiting on its results.

Each of the 10 wells targets production of 30 to 40 barrels of oil equivalent per day with ultimate recoveries of more than 50,000 barrels of oil.

Should all 10 wells be successful, production from the Central Kansas Uplift leases would increase from recent output of about 624 barrels of oil per day from 256 wells targeting the Arbuckle, Kansas City, Lansing, Viola and Shawnee formations.

Besides the wells, Empire Energy is also planning 5 polymer recompletions.

Further production and reserves upside could come from the 16 proved developed non-producing wells to be reworked, 31 proved undeveloped drilling locations and 56 probable locations.

All these are also expected to increase proved and probable reserves from the current 4.8 million barrels of oil equivalent.

Empire Energy has an average 74.5% working interest in the leases and is operator of 99% of the leases, which cover 18,000 acres (72.8 square kilometres) over 16 counties.