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Emperor Energy Ltd ( (AU:EMP) ) has shared an update.
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 initiative aligns with the company’s strategy to address the tightening gas supply on Australia’s east coast, as highlighted by recent reports from the ACCC and AEMO, indicating a need for new gas sources by 2029. The project is positioned to contribute significantly to the regional gas supply, leveraging existing infrastructure and partnerships.
More about Emperor Energy Ltd
Emperor Energy Ltd is an Australian company operating in the energy sector, focusing on offshore gas exploration and development. The company holds a 100% interest in the Vic/P47 Permit in the Gippsland Basin, strategically positioned to supply domestic gas to South-Eastern Australia. Emperor Energy is committed to responsible and sustainable operations, collaborating with key technical advisers and engaging in stakeholder consultations.
YTD Price Performance: -25.00%
Average Trading Volume: 815,935
Technical Sentiment Signal: Sell
Current Market Cap: A$21.31M
See more data about EMP stock on TipRanks’ Stock Analysis page.
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