Emperor Energy Limited (ASX:EMP)

ALERT: Price-sensitive ASX Announcement for EMP

Current share price for EMP : $0.080 -0.005 (-5.88%)⁺

Announcement

Appointment of Tim Handley as Managing Director

Release

17 Dec 2025 9:14AM

Price at Release

$0.085

Full Release

Summary

Emperor Energy Limited has announced the appointment of Tim Handley as Managing Director, effective January 12, 2026. With over 20 years of experience in the energy sector, Handley will lead the development of the Judith Gas Field in the Gippsland Basin. The company aims to address the East Coast gas supply shortfall with the Judith-2 appraisal well scheduled for Q3 2026. Emperor Energy has recently secured significant funding and is in the process of contracting critical equipment. Tim Handley will receive performance-based shares and bonuses tied to project milestones, reflecting the strategic importance of his role in advancing the Judith Gas Project.

Key Points

Appointment of Tim Handley as Managing Director from January 12, 2026.
Handley has over 20 years of experience in energy sector leadership.
Development of the Judith Gas Field in the Gippsland Basin is a key focus.
Judith-2 appraisal well planned for Q3 2026 to address East Coast gas supply shortfall.
Recent funding secured includes ~$3.7 million, with ~$5.1 million cash on hand.
Handley's compensation includes milestone shares and cash bonuses tied to project achievements.
The Judith Gas Field is strategically located near existing infrastructure for efficient market entry.

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.