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The latest update is out from Emperor Energy Ltd ( (AU:EMP) ).
Emperor Energy Ltd has initiated the farm-in process for the Judith-2 Appraisal Well, aiming to secure funding and partnerships to develop this strategically located gas resource in the Gippsland Basin. The project targets significant gas reserves, potentially addressing the tightening gas supply in East Coast Australia, and could establish a new domestic gas supply source, enhancing energy security and shareholder value.
More about Emperor Energy Ltd
Emperor Energy Ltd is an energy company primarily focused on the exploration and development of gas resources. It operates in the oil, gas, and energy sector, with a strategic emphasis on the Gippsland Basin in offshore Victoria, Australia. The company is fully owning and operating the Judith Gas Field, which is positioned near existing infrastructure, making it a significant player in addressing the domestic gas supply needs in the East Coast of Australia.
Average Trading Volume: 812,227
Technical Sentiment Signal: Hold
Current Market Cap: A$29.07M
See more data about EMP stock on TipRanks’ Stock Analysis page.