Empire Energy Group Ltd (ASX:EEG, OTC:EEGUF) MD Alex Underwood tells Proactive the company has strengthened its balance sheet with a A$15.6 million research and development (R&D) tax offset from the Australian Government, designed to encourage companies to pursue R&D activities and facilitate innovation. The scheme entitles companies with an aggregate global turnover of less than A$20 million to access a refundable tax offset of 43.5% of eligible expenditure on eligible R&D activities. Underwood also updates on strategy for project financing and offtake options for its gas.
Empire Energy talks $15.6 million R&D refund and commercial initiatives
