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Emperor Energy Ltd ( (AU:EMP) ) just unveiled an update.
Emperor Energy Ltd has announced a significant upgrade to its gas resource base following an independent audit by GaffneyCline, a reputable international petroleum consultancy. The audit confirms a 2C Contingent Resource of 166 Bcf and a P50 Prospective Gas Resource of 142 Bcf within the Judith Gas Field, with total unrisked prospective resources increasing to 1.86 Tcf. The validation of these resources, supported by modern 3D seismic data and expert analysis, positions Emperor Energy to potentially address the East Coast gas crisis in Australia. The company plans to drill an appraisal well, Judith-2, in mid-2026, aiming to confirm the field’s potential as a cornerstone gas supply project for South-East Australian domestic markets.
More about Emperor Energy Ltd
Emperor Energy Ltd is an Australian company operating in the petroleum and energy industry. The company focuses on the exploration and development of gas resources, particularly in the Gippsland Basin of Victoria, Australia. Emperor Energy holds 100% of the VIC/P47 permit, which provides them with flexibility for strategic partnerships and deal structuring.
Average Trading Volume: 352,094
Technical Sentiment Signal: Buy
Current Market Cap: A$18.47M
For detailed information about EMP stock, go to TipRanks’ Stock Analysis page.