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Emperor Energy Limited (ASX:EMP)

ALERT: Price-sensitive ASX Announcement for EMP
Current share price for EMP : $0.093 -0.047 (-33.57%)+
Release
13 Mar 2026 11:18AM
Price at Release
$0.140
Full Release
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Summary
Emperor Energy Limited announced a successful capital raising of approximately $17.5 million through the placement of around 145.8 million new shares priced at $0.12 each. This initiative received strong support from both existing and new institutional investors, underscoring the strategic potential of the Judith Gas Field. The funds will advance the drilling of the Judith-2 Appraisal Well, key for assessing the commercial viability of significant gas resources in the Judith and Longtom formations. The project aims to address the under-supplied gas market on Australia's East Coast. Future steps include securing a drill rig, completing environmental and geophysical surveys, and engaging with potential strategic partners for further development funding.
Key Points
  • Successful capital raising of $17.5M by Emperor Energy Limited.
  • Placement of 145.8 million new shares at $0.12 per share.
  • Strong support from existing and new investors.
  • Funds to advance the Judith-2 Appraisal Well.
  • Potential to supply the East Coast gas market.
  • Securing Valaris 107 drill rig for 2027.
  • Completing environmental and geophysical surveys.
  • Engagement with strategic partners for funding.
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.