AI Summary
CLAREMONT, Australia — Empire has signed a Letter of Intent (LOI) with drilling contractor Enerdrill for the drilling of upto three wells (subject to successful fundraising).
One of these is planned to be within Australia’ s Permit 389, which hosts Empire’ s Red Gully Gas and Condensate project.
The locations of the two remaining wells will be determined after Empire has reviewed the results of the immient geophysical survey, which will be flown across all its tenements in the onshore Perth basin.
Empire will continue to work with Enerdrill with the objective of concluding a drilling contract by the end of January 2015.