Emperor Energy June 2026 Quarterly Report
Key points
- Valaris-107 Jack-up Drill Rig secured for Judith-2 Appraisal Well in March 2027
- Multiple non-binding offers received for Judith appraisal and development
- Long lead time items secured for Judith-2 Appraisal Well
- Environmental Plan approval expected mid-September
- Cash balance of $15.6M at end of quarter
Full summary
Emperor Energy Ltd. has confirmed the availability of the Valaris-107 Jack-up Drill Rig for the Judith-2 Appraisal Well in March 2027 and is negotiating drilling contract terms. The company has received multiple non-binding indicative offers for the Judith appraisal and development program. Long lead time items for the Judith-2 Appraisal Well have been secured, and contracts are being awarded for various services. Environmental Plan approval is expected mid-September. The company's cash balance stood at $15.6M at the end of the quarter.
Guidance
Cash balance of $15.6M at end of quarter
Outlook
Emperor Energy is confident in securing the Valaris-107 rig and progressing with funding and environmental approvals for the Judith-2 well.
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