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Emperor Energy Advances Judith-2 Drilling Project Amid Tightening Gas Market

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Emperor Energy Advances Judith-2 Drilling Project Amid Tightening Gas Market

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Emperor Energy Ltd ( (AU:EMP) ) has issued an announcement.

Emperor Energy Ltd has submitted an Environmental Plan to NOPSEMA for approval to drill the Judith-2 Appraisal Well in the Gippsland Basin, marking a significant milestone in the project’s development. This step is crucial as the company aims to address the tightening gas supply on Australia’s east coast by mid-2026, with plans to engage a Jack-Up drilling rig and form an investment consortium for the project’s advancement.

More about Emperor Energy Ltd

Emperor Energy Ltd is engaged in the energy industry, focusing on offshore oil and gas exploration and development. The company is involved in projects within the Gippsland Basin, aiming to contribute to the energy supply in the east coast gas market.

YTD Price Performance: -32.50%

Average Trading Volume: 546,556

Technical Sentiment Signal: Sell

Current Market Cap: A$19.18M

For detailed information about EMP stock, go to TipRanks’ Stock Analysis page.

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