Emperor Energy (ASX:EMP) announced financial results for the quarter ended 30 September 2022.

Revised Resource Statementwith significant Resource Upgrade.

Total P50 Un-risked Prospective Gas Resource within Emperor Energy?s 100% owned Vic/P47 permit increased by 22% from 1.848 Tcf to 2.249 Tcf.

Judith Block 2C Contingent Gas Resource increased by 32% from 150 Bcf to 198 Bcf.

AVO supported bright gas indicators in the recently acquired CGG Seismic Survey data significantly increase the confidence of gas presence within the Greater Judith Gas Field.

MOU executed with Cooper Energy (ASX:COE) in relation to the Orbost Gas Processing Plant.

Conversations continue with potential Exploration Partners to fund Judith-2 Appraisal Well.

Preparation of the application and supporting documentation for the Judith-2 well approval is nearing completion in readiness for submission to the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).

Vic/P47 Permit remains in good standing with Work Program progress on schedule.

Capital Raise of $1.122M completed through the issue of 35M fully paid ordinary shares.

Following the announcement the company?s share price fell 11.764%.