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Emperor Energy Limited (ASX:EMP)

ALERT: Price-sensitive ASX Announcement for EMP
Current share price for EMP : $0.080 0.047 (138.81%)+
Announcement
Release
2 Sep 2025 10:13AM
Price at Release
$0.034
Full Release
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Summary
Emperor Energy Limited has commenced the farm-in process for the Judith-2 Appraisal Well, a critical step towards exploring a potentially significant gas resource in the Gippsland Basin. The project aims to develop a 308 Bcf 2P Gas Reserve from the already identified Contingent and Prospective Resources, with plans to further increase reserves through sidetrack drilling. The strategic location near existing infrastructure and the looming gas supply deficit in East Coast Australia underpin the project's importance. Drilling is set for mid-2026, with Emperor holding full ownership of the field and seeking strategic partnerships.
Key Points
  • Emperor Energy Limited initiates the farm-in process for the Judith-2 Appraisal Well.
  • The project targets a 166 Bcf 2C Contingent Resource and a 142 Bcf P50 Prospective Resource, potentially resulting in a 308 Bcf 2P Gas Reserve.
  • Upon success, there is potential to drill a sidetrack to access an additional 364 Bcf, leading to a total of 672 Bcf 2P Gas Reserve.
  • Judith Gas Field is strategically located near existing infrastructure in the Gippsland Basin, facilitating development.
  • The Gippsland Basin faces a gas supply deficit, with production from Southern Gas Fields projected to drop by over 30% in five years.
  • Strong domestic gas pricing mitigates commercial risks associated with the project.
  • Drilling for Judith-2 is scheduled for mid-2026, with discussions underway to secure a rig.
  • Emperor Energy holds 100% ownership of the Judith Gas Field, providing flexibility in strategic transactions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.