Progression of the Judith-2 Environmental Plan - NOPSEMA
| Stock | Emperor Energy Ltd (EMP.ASX) |
|---|---|
| Release Time | 12 May 2025, 9:14 a.m. |
| Price Sensitive | Yes |
Emperor Energy Progresses Judith-2 Environmental Plan
- Judith-2 Environmental Plan submitted to NOPSEMA and found to be complete
- EP now published on NOPSEMA website for public comment
- Significant milestone towards drilling Judith-2 well from mid-2026
Emperor Energy Ltd has announced that the Judith-2 Environmental Plan (EP) it submitted to NOPSEMA has been assessed for completeness and found to contain all necessary material. The EP is now published on the NOPSEMA website and is open for public comment, representing another significant step in the timeline for drilling the Judith-2 well, scheduled from mid-2026. The Judith-2 well is located in the offshore Gippsland Basin (Vic/P47) permit, which Emperor Energy holds a 100% interest in as the operator. The Judith Gas Field is well positioned to provide a new source of domestic gas to south-eastern Australia, with 198 BCF (P50) 2C Contingent Resources around the Judith-1 well and a 2.2 TCF (P50) Prospective Resource in the Judith structure. The project has been de-risked by the Judith-1 gas discovery well drilled in 1989, with recent seismic interpretation, petrophysical evaluation, and production flow modelling indicating significant permeability and mobile gas columns. Emperor Energy is now set to commence a strategic process to secure funding to drill and flow test the Judith-2 well.
Emperor Energy is targeting drilling the Judith-2 well from mid-2026, with the intention of engaging a jack-up drilling rig currently located in the Gippsland Basin. The company is also progressing discussions with a drilling company for an initial proposal.