• 24-month extension of Vic/P47 Exploration Permit Year 1-3 work program commitments
• Permit term extended to August 2029
• Provides security of tenure for completing environmental approvals and securing funding for Judith-2 Well

Emperor Energy Ltd (ASX:EMP) has announced that the Commonwealth-Victoria Offshore Petroleum Joint Authority has granted a 24-month extension of the Vic/P47 Exploration Permit Year 1-3 work program commitments, along with a corresponding 24-month extension of the overall permit term. The granted extension varies the maximum timeframe requirement for drilling of the Judith-2 Exploration and Appraisal Well till August 2027, with the permit duration now extended to August 2029. This extension provides security of tenure for Emperor Energy while it completes the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) Environment Plan (EP) approval process for the planned Judith-2 Exploration and Appraisal Well and progresses towards securing the funding required to drill the well. Emperor Energy owns 100% of the Vic/P47 permit in the offshore Gippsland Basin, which has been independently assessed to contain a 166 Billion Cubic Feet (BCF) 2C Contingent Recoverable Gas Resource and a 1,859 BCF P50 Prospective Recoverable Gas Resource.