Empire Inks LOI with Enerdrill to Prepare for 2015 Drilling Program in WA

Empire Oil & Gas NL reported Monday that it has continue to make preparations for its 2015 exploration program in Western Australia by signing a Letter of Intent (LOI) with drilling contractor Enerdrill.

The LOI is for the drilling of up to three wells (subject to successful fundraising). One of these is planned to be within Permit EP 389 in Western Australia, which hosts Empire's Red Gully Gas and Condensate Project. The locations of the two remaining wells will be determined after Emprie has reviewed the results of the imminent 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.


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