Emperor Energy Ltd (AU:EMP) has released an update.
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Emperor Energy Ltd has successfully concluded gas production simulation modeling for the Judith-1 Well, indicating a sustainable flow rate for 6 years at 80 million standard cubic feet per day from its 198 billion cubic feet 2C Contingent Gas Resource. The company is now advancing economic analysis and discussions with potential partners, buoyed by strong shareholder support from a recent $470,000 capital raise. Additionally, Emperor Energy is progressing with a joint venture for the acquisition of mining leases in North Queensland, with due diligence revealing positive soil and rock sampling results.
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