EXPLORATION

Empire raising money

Junior explorer Empire Oil & Gas plans to raise $1.1 million by issuing 110 million new options a...

The funds raised will be used for exploration of the company's petroleum prospects, acquisition and exploration of additional prospects, providing working capital as well as administration costs at its Rough Range Oil Field.

Empire and its joint venture partners plan to drill Eclipse-1 well (EP 389) in late October and follow up with the Leschenault Prospect (EP 416) later in the year.

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