Quarterly Appendix 5B Cash Flow Report

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Stock Empire Energy Group Ltd (EEG.ASX)
Release Time 28 Jan 2025, 8:59 a.m.
Price Sensitive Yes
 Empire Energy Group Ltd Quarterly Cash Flow Report
Key Points
  • Significant exploration and evaluation expenditure of $14.2 million
  • Cash and cash equivalents of $25.6 million at quarter end
  • Unused financing facilities of $28.3 million available
Full Summary

Empire Energy Group Ltd has released its quarterly Appendix 5B cash flow report for the period ended 31 December 2024. The report shows that the company had net cash used in operating activities of $574,316 and net cash used in investing activities of $14,205,998, primarily driven by exploration and evaluation expenditure. The company's cash and cash equivalents at the end of the quarter stood at $25,631,533. Empire Energy Group Ltd has a total of $35,000,000 in financing facilities available, with $28,340,140 remaining unused at the end of the quarter. The company's financing facilities include a $30 million R&D Facility and a $5 million Performance Bond Facility, both secured by the company's Northern Territory assets and maturing in December 2026. The report also discloses payments to related parties and their associates of $250,598 during the quarter.