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Emperor Energy Ltd ( (AU:EMP) ) just unveiled an announcement.
Emperor Energy Ltd has announced key developments concerning its Judith-2 Well project within the Vic/P47 Permit. The company has appointed a group of esteemed technical consultants to advance the project, aiming to secure an investment consortium for drilling operations and further development. Additionally, Emperor Energy has raised $3 million through a share placement to fund ongoing activities, including environmental planning and well design. The company’s strategic position in the Gippsland Basin, alongside major industry players, underscores its commitment to unlocking the Judith Gas Field’s potential and addressing the region’s gas supply needs.
More about Emperor Energy Ltd
Emperor Energy Ltd is an energy company focused on the exploration and development of oil and gas resources. It operates primarily in the Gippsland Basin, with its key asset being the Vic/P47 Permit, strategically located offshore from Melbourne. The company’s efforts are centered on developing the Judith Gas Field, leveraging existing infrastructure and partnerships to supply domestic gas to South-Eastern Australia.
YTD Price Performance: -20.0%
Average Trading Volume: 1,246,611
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$22.73M
Learn more about EMP stock on TipRanks’ Stock Analysis page.
