• Appointment of Tim Handley as new Managing Director
• Progress with strategic funding process for Judith-2 Appraisal Well
• Contracting of long lead time items for the Judith-2 Well

Emperor Energy Ltd has announced the appointment of Tim Handley as its new Managing Director, commencing in January 2026. Handley brings over 20 years of experience in the energy sector, including leadership roles at AusNet and Viva Energy. The company has also provided an update on the strategic funding process for the Judith-2 Appraisal Well, located in the Gippsland Basin offshore Victoria. The funding process is progressing, with the company receiving positive engagement from large downstream gas users interested in gas pre-sale agreements and/or asset farm-in opportunities. A data room is active, and some parties have progressed to advanced stages of due diligence. Emperor Energy has also advanced the engineering design of the Judith-2 Well and commenced the procurement process for long lead time equipment, including the surface wellhead, conductor, and casing strings. All long lead time equipment is expected to be delivered by the end of June 2026. The company has also submitted modifications to the Environmental Plan for the Judith-2 Well to the National Offshore Petroleum Safety & Environmental Management Authority (NOPSEMA), with a response expected in February 2026.

The company is focused on executing the Judith-2 appraisal well program and moving closer to commercializing the significant gas resource at the Judith Gas Field for the benefit of East Coast gas consumers and shareholders.