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Emperor Energy hits milestones for Judith-2 Appraisal Well
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Emperor Energy hits milestones for Judith-2 Appraisal Well

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Emperor Energy (ASX:EMP) has achieved critical operational milestones ahead of its planned drilling campaign at the Judith-2 Appraisal Well, located within the offshore Gippsland Basin in Victoria.

The Judith Gas Field represents the largest undeveloped conventional gas field on the East Coast of Australia, with Emperor holding a 100% interest in the Vic/P47 permit.

The asset has been independently assessed to hold 166 billion cubic feet of 2C contingent recoverable gas alongside a substantial 1,859 BCF of P50 prospective recoverable gas resource.

In a major regulatory advancement, the company has submitted its revised environmental plan to the National Offshore Petroleum Safety and Environmental Management Authority.

Following extensive dialogue and variations to address previous information requests, management expresses strong confidence in securing final regulatory approval in the short term.

Commercial and engineering arrangements are rapidly progressing for the late Q1, CY27 drilling window.

Emperor has secured all key long-lead infrastructure, including the surface wellhead, conductor casing, and multiple casing strings.

The company is currently finalising a contract for the Valaris-107 drill rig and has selected specialist contractors to execute the essential site geophysical survey and well flow testing.

Key commercial tenders have been released across vital support sectors, encompassing drilling consumables, mudlogging, directional drilling, wireline logging, and logging while drilling services.

At the time of reporting, Emperor Energy’s share price was $0.096.

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