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EMPIRE ENERGY GROUP LIMITED (EEG)


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General Information
Company Name: Empire Energy Group Limited
Stock Code: EEG
Website: www.empireenergygroup.net
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 28
Equiv. Shares (M): 305

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.091 $ 0.095 $ 0.095 $ 0.091 $ 0.095 49,471 $ -0.004  -4.211 %

Company Overview

Business Description:
Empire Energy Group Limited (EEG, formerly Imperial Corporation Limited) is focused on the acquisition, development, production, exploration and sale of oil and natural gas in the USA. The Empire Group sells its oil and gas products primarily to owners of domestic pipelines and refiners located in Pennsylvania, New York and Kansas. Empire Energy Group's main operations are through its US subsidiary Empire Energy USA LLC.

Financial Summary
Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -0.2 -0.1 -- 0.0 0.0 0.0 --
2011  A -1.5 -0.7 -125.9 0.0 0.0 0.0 --
2010  A 4.4 2.7 -- 1.8 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Beach Energy (BPT) $1,534 M 0.7828 -0.2483 0.1432 11.4259 15.2010 13.2967 0.0186 0.0186 0.0186
Empire Energy Group (EEG) $29 M -- -- -- -- -- -- 0.0000 -- --
Oil Search (OSH) $10,841 M -0.3691 0.0607 1.8198 73.2790 69.0863 24.5003 0.0048 0.0050 0.0050
Santos (STO) $12,401 M -0.1141 0.3991 0.2473 28.5587 20.4127 16.3655 0.0233 0.0233 0.0233
Woodside Petroleum (WPL) $30,872 M 0.1834 0.0140 0.1160 15.3811 15.1682 13.5914 0.0334 0.0530 0.0588

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
EEG 3.00 -- 0.58 -- 1.03
Market 1.08 12.7 0.89 1.87 2.60
Sector 1.36 15.1 0.77 2.18 5.20

Directors
Name Position Start Date
Mr Bruce William McLeod Executive Chairman 21 May 1996
Mr Kevin Anthony Torpey Non-Executive Director 01 November 1992
Mr David Henty Sutton Non-Executive Director 30 January 1997

Management
Name Position
David L Hughes Company Secretary
Dr John Warburton Director & CEO of Imperial Oil & Gas Pty Ltd
Geoff Hokin Explorations & Operations of Imperial Oil & Gas Pty Ltd
Kylie Arizabaleta Financial Controller
Rachel Ryan Joint Company Secretary

Substantial Shareholders
Holding Name
53,666,666 (17.60%) Macquarie Bank Limited

Calendar of Events
Date Event
29 April 2014 Report (Quarterly)
27 March 2014 Report (Annual)
30 January 2014 Report (Quarterly)
30 October 2013 Report (Quarterly)
30 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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