Empire Oil and Gas
(ASX:EGO) has advised it has increased average daily production to 9.4 T/J of gas per day to bring the Red Gully Processing facility to full capacity.
Additional gas produced will be sold to Alcoa of Australia, Western Australia’s largest gas customer, under existing arrangements.
The gas sales are at current market rates and are in addition to Empire’s existing tranche 2 contract with Alcoa.
The company says the sale of uncontracted gas volumes is an important component of delivering Empire’s growth strategy.
Empire Oil and Gas reported a net profit $7.6 million at 30 June 2015.
