Empire Energy Group Ltd (ASX: EEG) is a prominent player in the Australian oil and gas sector, particularly known for its exploration and production activities in the Northern Territory and Queensland. Empire Energy Group (ASX: EEG) share price forecast has increased the probability of the company to grow as it is focused on developing its significant gas resources in the Beetaloo Sub-Basin, a region that has been highlighted as a potential energy hub in Australia.
The company has also undergone various capital raisings, including securities issuances and placements, which have helped fund its exploration activities. This has ensured a steady flow of investments, even as Empire Energy works towards increasing its asset base and revenue generation potential.
Forecasting the share price of Empire Energy Group (ASX: EEG) from 2025 to 2055 involves analysing multiple factors, such as the company’s operational performance, market trends in the oil and gas industry, and macroeconomic conditions.
Empire Energy Group (ASX: EEG) share price forecast: Stock performance
The company has faced challenges in profitability, reporting a net income loss of AUD 16.09 million in the past year. However, its revenues primarily come from gas sales, and any improvements in global energy prices or successful exploration could positively impact its financial outlook
The energy sector is heavily influenced by fluctuations in oil and gas prices, as well as the transition to renewable energy sources. These external factors could affect Empire Energy’s long-term stock price. Currently, EEG’s price sits around AUD 0.24, with a significant growth of 71% over the past year
The company operates in a volatile sector, with factors such as regulatory changes, exploration success, and international energy market dynamics likely to play a large role in its future valuation.
While it’s difficult to predict specific share prices for a 30-year period, Empire Energy Group’s future will likely depend on its success in exploration, market conditions, and how it navigates shifts in global energy demand. Investing in the stock could offer substantial returns if the company’s projects, like those in the Beetaloo basin, reach production. However, there are risks given its current losses and the industry’s volatility.
Empire Energy Group (ASX: EEG) share price forecast: Stock Performance
As of 2024, Empire Energy’s stock has been trading around AUD 0.24 with a market capitalization of AUD 244 million. Over the past year, the stock has seen significant price fluctuations, growing by 71% in 2023 due to investor optimism surrounding its Beetaloo Basin gas prospects. The stock is characterized by volatility, largely driven by the company’s exploration results and market sentiment around natural gas prices.
Investors in Empire Energy are primarily focused on the company’s potential for long-term growth through gas production in the Beetaloo Basin. While the company has reported significant losses recently (a net loss of AUD 16 million in 2024), the long-term value is tied to successful commercialization of its gas projects. Empire Energy’s shares are considered speculative, with analysts and investors keeping a close eye on exploration updates and regulatory developments regarding gas production in the Northern Territory.
Empire Energy Group (ASX: EEG) share price forecast: History
Empire Energy Group Limited is an Australian-based energy company involved in the exploration and production of oil and natural gas. The company operates primarily in two segments: the Northern Territory of Australia and U.S. operations, where it holds assets in both regions. Established in 1981, the company has shifted its focus towards gas exploration in Australia in recent years, especially in high-potential areas like the Beetaloo Sub-basin and McArthur Basin, which are known for their vast shale gas resources
The company’s primary focus lies in the Northern Territory, where it holds significant acreage in some of the most prospective gas regions in Australia. The Beetaloo Basin, in particular, is a strategic asset, as the region is seen as one of Australia’s most promising sources of natural gas. Empire Energy holds 100% working interests in approximately 28.9 million acres of petroleum exploration tenements
In addition to its Australian assets, Empire Energy operates in the U.S. through the production and sale of oil and natural gas in states such as Pennsylvania and New York. These assets, though smaller in scale compared to the Australian projects, contribute to the company’s current revenue streams.
Date | High (AUD) | Low (AUD) |
January 2020 | 0.46 | 0.17 |
January 2021 | 0.34 | 0.28 |
January 2022 | 0.42 | 0.32 |
January 2023 | 0.19 | 0.16 |
January 2024 | 0.16 | 0.16 |
August 2024 | 0.24 | 0.19 |
Empire Energy Group (ASX: EEG) share price forecast: 2025-2055
Empire Energy Group (ASX: EEG) share price forecast can achieve new heights of their hike this can help the companies to establish trust in the share market story.
Year | open | high |
Empire Energy Group (ASX: EEG) share price forecast 2025 | 0.19 | 0.25 |
Empire Energy Group (ASX: EEG) share price forecast 2026 | 0.22 | 0.26 |
Empire Energy Group (ASX: EEG) share price forecast 2027 | 0.26 | 0.269 |
Empire Energy Group (ASX: EEG) share price forecast 2028 | 0.26 | 0.31 |
Empire Energy Group (ASX: EEG) share price forecast 2029 | 0.28 | 0.33 |
Empire Energy Group (ASX: EEG) share price forecast 2030 | 0.31 | 0.37 |
Empire Energy Group (ASX: EEG) share price forecast 2035 | 0.352 | 0.39 |
Empire Energy Group (ASX: EEG) share price forecast 2040 | 0.42 | 0.47 |
Empire Energy Group (ASX: EEG) share price forecast 2045 | 0.495 | 0.564 |
Empire Energy Group (ASX: EEG) share price forecast 2055 | 0.579 | 0.613 |
Empire Energy Group (ASX: EEG) share price forecast: 2024
The price prediction for the Empire Energy Group (ASX: EEG) for the year 2024 can vary from 0.09 AUD- 0.19 AUD.
Date | High (AUD) | Low (AUD) |
January 2024 | 0.19 | 0.19 |
February 2024 | 0.19 | 0.08 |
March 2024 | 0.09 | 0.09 |
April 2024 | 0.11 | 0.09 |
May 2024 | 0.16 | 0.08 |
June 2024 | 0.19 | 0.09 |
July 2024 | 0.16 | 0.13 |
August 2024 | 0.24 | 0.19 |
Empire Energy Group (ASX: EEG) share price forecast : 2025
The price prediction for the Empire Energy Group (ASX: EEG) for the year 2025 can vary from 0.19 AUD- 0.25 AUD.
Date | High (AUD) | Low (AUD) |
FY2025 | 0.25 | 0.19 |
Empire Energy Group (ASX: EEG) share price forecast: 2026
The price prediction for the Empire Energy Group (ASX: EEG) for the year 2026 can vary from 0.22 AUD- 0.26 AUD.
Year | Open (AUD) | High (AUD) |
FY2026 | 0.22 | 0.26 |
Empire Energy Group (ASX: EEG) share price forecast: 2030
The price prediction for the Empire Energy Group (ASX: EEG) for the year 2030 can vary from 0.31 AUD- 0.37 AUD.
Year | Open (AUD) | High (AUD) |
FY2030 | 0.31 | 0.37 |
Empire Energy Group (ASX: EEG) share price forecast : 2035
The price prediction for the Empire Energy Group (ASX: EEG) for the year 2035 can vary from 0.352 AUD- 0.359 AUD.
Date | High (AUD) | Low (AUD) |
FY2035 | 0.359 | 0.352 |
Empire Energy Group (ASX: EEG) share price forecast: 2040
The price prediction for the Empire Energy Group (ASX: EEG) for the year 2040 can vary from 0.42 AUD- 0.48 AUD.
Year | Open (AUD) | High (AUD) |
FY2040 | 0.42 | 0.48 |
Empire Energy Group (ASX: EEG) share price forecast: 2045
The price prediction for the Empire Energy Group (ASX: EEG) for the year 2045 can vary from 0.495 AUD-0.564 AUD.
Date | High (AUD) | Low (AUD) |
FY2045 | 0.564 | 0.495 |
Empire Energy Group (ASX: EEG) share price forecast: 2050
The price prediction for the Empire Energy Group (ASX: EEG) for the year 2050 can vary from 0.476 AUD-0.534 AUD.
Year | Open (AUD) | High (AUD) |
FY2050 | 0.476 | 0.534 |
Empire Energy Group (ASX: EEG) share price forecast: 2055
The price prediction for the Empire Energy Group (ASX: EEG) for the year 2055 can vary from 0.579 AUD-0.613 AUD.
Date | High (AUD) | Low (AUD) |
FY2055 | 0.613 | 0.579 |
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Empire Energy Group (ASX: EEG) share price forecast: Valuation measures
Market Cap | 244.12M |
Enterprise Value | 240.23M |
Trailing P/E | – |
Forward P/E | – |
PEG ratio (5 yr expected) | – |
Price/Sales | 30.49 |
Price/Book | 2.17 |
Enterprise Value/Revenue | 39.48 |
Enterprise Value/ EBITDA | -7.41 |
Empire Energy Group (ASX: EEG) share price forecast: Financial Highlights
Profitability And income statement
Profit Margin | 0.00% |
Return on Asssets (ttm) | -6.93% |
Return on equity (ttm) | -17.96% |
Revenue (ttm) | 6.09M |
Net income Avi to common (ttm) | -22.08M |
Diluted EPS (ttm) | -0.0300 |
Empire Energy Group (ASX: EEG) share price forecast : Balance Sheet and cash Flow
Total cash (mrq) | 13.63M |
Total Debt/Equity (mrq) | 8.68% |
Levered Free cash Flow (ttm) | -23.61M |
Empire Energy Group (ASX: EEG) share price forecast : Investors advice
The company has faced challenges in maintaining profitability, with revenues dropping by 55% year-over-year in 2023. Ongoing operational losses highlight the financial risks involved in oil and gas exploration.
Like many oil and gas companies, Empire Energy faces regulatory risks, particularly regarding environmental concerns in sensitive areas like the Beetaloo Basin. Regulatory changes that favor renewable energy or impose stricter environmental standards could impact the company’s ability to bring projects to production.
If Empire Energy successfully navigates its exploration phase and begins commercial production, it has the potential to significantly contribute to Australia’s energy exports. This could result in a substantial increase in its stock value, as the company taps into the growing demand for LNG in Asia and beyond.
Conclusion
Empire Energy Group’s contribution to the share market is rooted in its long-term potential to unlock vast gas reserves in Australia’s Northern Territory. While the stock is speculative, driven by exploration success, its strategic assets in one of the world’s most promising gas basins provide the company with significant upside potential. However, ongoing financial challenges and market volatility pose risks for investors, making it a stock to watch for those interested in energy exploration.
The long-term share price forecast (2025 to 2055) will largely depend on global energy trends, the transition to cleaner energy, and the company’s ability to scale its operations while managing the regulatory and environmental challenges associated with gas production. Investors are closely watching the Beetaloo Sub-Basin developments, as it could be a game-changer for the company’s valuation
Empire Energy Group (ASX: EEG) share price forecast : FAQS
what is the share price of Empire Energy Group (EEG)
0.24 AUD as on September 14, 2024.
what are the factors affecting share price of Empire energy group?
The key factors affecting the share price of Empire Energy Group include financial performance, industry trends, market sentiment, and regulatory environment.
what type of company is Empire Energy Group?
Empire Energy Group is an oil and gas exploration and production company.
Disclaimer
This article only contains information for educational and informational purposes. It should not be interpreted as investment or financial advice. There are risks associated with investing in the stock market, and the value of investments can fluctuate. Before making any investment decisions, readers should conduct their own research or speak with a financial advisor. Any losses or damages incurred as a result of using the information provided are beyond the control of the article’s author and publisher. Performance in the past does not guarantee success in the future.

Hello, I’m Bianca Paterson, a seasoned financial professional based in Sydney, Australia. With over 25 years of experience at ASX and an extensive background in share price predictions and market factors, I’ve cultivated a deep understanding of the dynamics that drive the financial markets.
I embarked on my journey with the ASX Graduate Program and have since dedicated my career to navigating the complexities of the share market. My insights are shaped by decades of hands-on experience, making me well-versed in the subtleties of market trends and investment strategies.
Through my blog, I aim to share my knowledge and offer valuable perspectives to fellow investors and market enthusiasts. Whether you’re a seasoned trader or just starting out, I hope my analysis and commentary will help you make informed decisions and better understand the ever-evolving landscape of the Australian stock market.