Empire Energy USA LLC

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Empire Energy USA LLC is a subsidiary of Sydney, Australian-based Imperial Corporation Limited (ASX: IMP), a resource investment company. It is building and oil and gas exploration and development presence in the Marcellus shale formation in Pennsylvania.

In May, 2009 the company announced its intention to acquire a Pennsylvania exploration and production company and thereby add 11,200 gross acres to its existing 4,790 gross acre U.S. leasehold. Imperial's web site indicated that the company already owned drilling rights in the Pennsylvania counties of Armstrong, Clarion, and Jefferson. The company owns roughly 170 shallow upper Devonian wells.

In December, 2009 it was announced that Empire had acquired 303,000 gross acres in the Appalachian Basin which included more than 1,805 wells producing in excess of 5 Mmcfe/d in New York and Pennsylvania from a large US independent E&P company. Total cost was $38 million. Most of the existing wells were in the Medina sandstone with a few in the Queenston sands and Trenton-Black River (TBR) limestones. The company believes it has substantial opportunity to also explore the Marcellus and Utica shales as well as TBR on the acreage. 185 miles of seismic data were in the process being reviewed. The acquisition also included a fully equipped field office in Mayville, NY.

• Bruce McLeod is Imperial's Executive Chairman.