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Empire acquires Rosalind Park Gas Plant

Empire Energy

Empire Energy has acquired AGL’s Rosalind Park Gas Plant (RPGP) in New South Wales for $2.5 million in cash.

The acquisition accelerates the path to Empire Energy’s Carpentaria Pilot Project production and reduces capital expenditure required to commence gas sales.

The RPGP has a design capacity of 42 terajoules (TJ) per day and supported AGL’s Camden Gas Project until it ceased production in August 2023.

“This is a material development for Empire, its shareholders and all stakeholders involved in the development of the Beetaloo sub-basin, and the substantial economic benefits and energy security that Empire’s Beetaloo project can provide for all Australians,” Empire Energy managing director Alex Underwood said.

“The Rosalind Park Gas Plant has been very well managed by AGL during its time processing gas for supply into the Sydney market and meets the specifications Empire requires for processing its low CO2 Beetaloo gas for supply into Northern Territory (NT) market and Australian East Coast markets from the EP187 Carpentaria Pilot Project, and in future larger scale development scenarios.”

Underwood said the acquisition comes at a critical time for energy security for the NT market.

“Success at the Carpentaria Pilot Project would achieve two critical goals for Empire and its shareholders: one, the generation of material cash flow to support our ongoing growth, and two, demonstration of the long-term deliverability of development wells in the Beetaloo Basin, all while reducing the emissions that would otherwise result from flaring test gas,” Underwood said.

“The Empire team continues its hard work progressing towards a final investment decision for the pilot project, and is targeting the field installation of the RPGP, drilling of development wells and connection of the project to the McArthur River Pipeline in next year’s dry season, which would result in gas sales commencing in 2025.”

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