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An announcement from Emperor Energy Ltd ( (AU:EMP) ) is now available.
Emperor Energy Ltd has announced a significant upgrade to its gas resource base in the Judith Gas Field following an independent audit by GaffneyCline. The audit confirmed a 2C Contingent Resource of 166 Bcf and identified an additional 1.859 Tcf of P50 Prospective Resources. The company successfully raised $3.7 million to advance the Judith-2 Well, with drilling scheduled for mid-2026. The Environmental Plan for the well has been submitted and is progressing through the approval process. This development positions Emperor Energy to potentially become a key gas supplier in the region.
More about Emperor Energy Ltd
Emperor Energy Ltd is an energy company primarily focused on the exploration and development of gas resources. The company operates in the Gippsland Basin offshore Victoria, Australia, and is involved in the development of the Judith Gas Field, which is a significant project aimed at supplying gas to the South-East Australian domestic markets.
Average Trading Volume: 519,204
Technical Sentiment Signal: Hold
Current Market Cap: A$26.57M
For detailed information about EMP stock, go to TipRanks’ Stock Analysis page.