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Emperor Energy Limited (ASX: EMP) has submitted an Environmental Plan (EP) to NOPSEMA for approval to drill the Judith-2 Appraisal Well in the offshore Gippsland Basin. Prepared with key technical advisors, including AGR, Xodus, and Schlumberger, the EP outlines drilling activities, potential environmental impacts, and mitigation measures. This submission marks a key milestone as the company targets mid-2026 for drilling, with plans to engage a Jack-Up drilling rig currently operating in the region. ✅
Amid tightening East Coast gas supply, the AEMO forecasts supply gaps from 2029, reinforcing the need for new sources. With 198 BCF 2C contingent resources and a 2.2 TCF prospective resource, Judith-2 presents a strategic opportunity. The EP now awaits NOPSEMA’s rigorous assessment, including public consultation, technical evaluation, and decision-making. Emperor Energy continues advancing toward securing investment for development.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
