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Emperor Energy: Receives 30 month extension to explore Gippsland Basin

  • Oil explorer Emperor Energy (EMP) has given an extension to its exploration permit, Vic/P47, in Melbourne
  • Then the approval came from the National Offshore Petroleum Titles Regulator (NOPTA) for the Vic/P47 exploration permit
  • Emperor will now have 30 months to further develop its project, and the extra time will allow the company to progress the wel
  • The exploration permit located in offshore Gippsland Basin, located 200 kilometers east of Melbourne
  • Notably, the Judith prospect estimated to contain 1.8 trillion cubic feet of gas
  • On the market this afternoon, Emperor is down 7.69 percent and is trading at 2.4 cents per share
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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