• Firm commitments received to raise $3.7 million via placement
• Funds to advance Judith-2 well, including securing rig and long lead items
• Independent validation of 166 BCF 2C Contingent Resource and 1.86 TCF Prospective Resource

Emperor Energy Ltd has received firm commitments to raise approximately $3.7 million (before costs) via a placement of 120.0 million fully paid ordinary shares at an issue price of $0.031 per share. The funds will be used to advance activities for the Judith-2 well within the Vic/P47 exploration permit, including securing the Valaris 107 jack-up rig and other long lead time items. The placement follows independent validation by GaffneyCline of a 2C Contingent Resource of 166 BCF and total Unrisked P50 Prospective Resources of 1.86 TCF within the Judith Gas Field in the Gippsland Basin, including the confirmation of movable hydrocarbons. The Judith Gas Field is located near existing pipeline infrastructure, including the Tuna Platform owned by Exxon and Woodside, and the Orbost Gas Plant owned by Amplitude. Emperor Energy is now focused on unlocking value through a staged work program to progress the Judith Gas Project toward commercialization, including finalizing plans for the Judith-2 appraisal well and commencing a strategic partnering and farm-out process.

The funds raised will be used to advance activities for the Judith-2 well, including securing the Valaris 107 jack-up rig and other long lead time items, with the aim of drilling the well in mid-2026.

Emperor Energy is now focused on unlocking value through a staged work program to progress the Judith Gas Project toward commercialization, including finalizing plans for the Judith-2 appraisal well and commencing a strategic partnering and farm-out process.