• Commencement of Tim Handley as Managing Director
• $17.5M capital raise completed
• Vic/P47 permit extension approved

Emperor Energy Ltd has provided a comprehensive quarterly update, covering several key developments. Firstly, the company announced the commencement of Tim Handley as the new Managing Director, bringing over 20 years of experience in the energy sector. Secondly, the company completed a $17.5 million capital raise via a placement of 145.8 million new shares at $0.12 per share. The funds will be used to advance the Judith-2 Appraisal Well, secure the Valaris 107 jack-up drilling rig, and complete the environmental approval process. Additionally, the company's application for a 2-year extension of the Vic/P47 Exploration Permit Term was approved, providing security of tenure while the company progresses the Judith-2 well. The environmental plan approval process is also advancing, with Emperor Energy preparing a comprehensive response to NOPSEMA's further information request. The company has also made progress towards securing the Valaris 107 jack-up drilling rig for the Judith-2 well in March 2027 and continues to engage with potential strategic partners for funding the well. Finally, the company has advanced the well design, planning, and contracting of equipment and services for the Judith-2 well.

Emperor Energy's focus is to lead the company towards unlocking the potential of the Judith Gas Field to deliver much-needed gas to the East Coast market. The catalyst for this development will be drilling the Judith-2 Appraisal well in Q1 2027.