Empire Energy LLC
Empire Energy LLC is a Nevada-based company that is actively involved in the exploration and development of oil and gas fields in Tasmania, Australia. With a significant investment of over A$70 million, Empire Energy is committed to the project and has already identified potential sites for drilling and development. The company aims to tap into the untapped onshore oil and gas reserves in Tasmania, which have the potential to yield commercial quantities of gas and oil.
Empire Energy Corporation International, a major shareholder in Tasmanian Oil and Gas Australia Pty Ltd (TOGA), has played a crucial role in securing funding for the project. A private international investment fund based in London has agreed to provide initial funding of A$13.5 million, with a total of up to A$45 million available for exploration and development. The company anticipates that the project will receive approval for the current license application once funding is in place, and it is poised to make a significant impact in the oil and gas industry in Tasmania.
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