12 Oct 2023drilling progress report▲ GoodMajor
Funded by the new bridge loans, Empire spudded a new well at its Starbuck field in North Dakota, kicking off its 2023 redevelopment drilling program.
Announcements, explained
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18 Sept 2006drilling progress report▲ GoodMajor
Empire spudded its Cobble Cuesta test well in Nye County, Nevada (Gabbs Valley area), targeting 6,500 feet on a structure supported by gravity, seismic and surface mapping data, with encouraging oil shows already seen at a nearby test well. The company holds working interests (10%-40%, earning up to 30% more by paying 45% of this well's cost) across 75,521 lease acres, and just completed a $1.45 million private placement to fund it -- Empire's pivot from its original Wyoming asset toward Nevada exploration.