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Carpentaria-1 produces strong flow rates

Empire Energy’s Carpentaria-1 vertical well in the Northern Territory’s Beetaloo Basin has flowed gas to surface at rates that have exceeded expectations.

The company advised that the flow rates achieved to date at Carpentaria-1 compare favourably to other wells drilled and flow tested in the Beetaloo Basin, given the reduced development costs Empire expects in the future.

The well flowed gas to surface at rates that exceed expectations including an initial peak rate of >0.5 mmscf / day and an initial stabilised rate of 0.37 mmscf / day over a 72-hour test period, and an instantaneous peak rate following a short shut in of >1.6 mmscf / day.

IamFire plc (AQSE:FIRE) is an Investment Issuer Listed on the AQSE Growth Market Exchange. The company has an investment strategy focused on the identification of opportunities in Life Sciences, Technology & Natural Resources.

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