Empire Energy Corporation (EEGC.OB) International Received Tasmanian Government Approval to Continue Thunderbolt #1 Site Preparation and Top Hole Drilling
Empire Energy Corporation operates in Tasmania's central and northern basins, becoming a leading low-cost finder of hydrocarbons. Today’s announcement by the state government of Tasmania gives permission to prepare the lease for the Thunderbolt #1 site and to drill the top hole. Provided that the rig is inspected, approval has also been given to move the drill rig to Thunderbolt #1 on completion of the previous project, Bellevue #1. Expectations for the new area will solidify once the target depth of 400m at a hole size of 17.5 inches is completed. Seismic data from 2006 and 2007 show potentially large…
