Past year: ▲ 47%(7.40c – 13.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
30 July 2026quarterly activities report● Neutral
June 2026 quarter: EMP received multiple non-binding indicative offers for Judith, but no partner or deal is named. Valaris 107 contract is still unsigned. NOPSEMA approval is now expected mid-September, after further clarification requests. Cash was $15.6M.
5 June 2026drilling scheduled▲ Good
EMP submitted a revised environment plan to NOPSEMA and says it is confident of approval soon. Contractors are chosen for the seabed survey and flow testing, and Valaris 107 rig talks are in final stages. Judith-2 is planned for late Q1 2027.
30 Apr 2026quarterly activities report● Neutral
March 2026 quarter: the $17.5M raise closed and the permit extension was approved. NOPSEMA sought further information in February, with a response due early May. Draft terms exist with Valaris for March 2027. Cash was $17.1M.
30 Apr 2026admin correction● Neutral
Corrects a web link in the quarterly report to EMP's Gas Market Review submission. No new substance.
23 Mar 2026investor presentation● Neutral
UBS conference presentation restates the Judith case: 100% ownership, 166 Bcf contingent, 1.86 Tcf prospective, and drilling in Q1 2027. It shows about 976M shares and about $17.0M cash. A CEO grant of 10M options and up to 35M shares needs shareholder approval.
16 Mar 2026half year report● Neutral
Half-year to December 2025 shows a loss of $2.29M, up from $457k a year earlier. Net assets were $11.16M, and $1.38M was spent on exploration. Subsequent events cover Handley's start, the permit extension and the $17.5M raise.
13 Mar 2026capital raising announcement▲ GoodMajor
EMP raised about $17.5M through a placement of about 145.8M shares at $0.12, a 14.3% discount to the last close. Funds go to a Valaris 107 rig deposit for February 2027, services, the environment plan and a seabed survey. The funding process continues.
11 Mar 2026other● Neutral
ASX paused trading in EMP pending a further announcement. No reason is given in the notice; the $17.5M placement was announced two days later (inference: the pause was linked to it).
6 Mar 2026regulatory community update▲ GoodMajor
The Joint Authority approved a 24-month extension of Vic/P47. The deadline to drill Judith-2 moves to August 2027 and the permit now runs to August 2029. This resolves the open question on the permit work-program deadline.
30 Jan 2026quarterly activities report▲ Good
December 2025 quarter: funding talks have reached due diligence in a data room, long lead equipment contracts are awarded, and a revised environment plan went to NOPSEMA on 17 December. A Vic/P47 term extension awaits final approval. Cash was $3.5M.
17 Dec 2025director officer appointment▲ GoodMajor
Tim Handley, ex AusNet corporate development head and Viva Energy M&A head, becomes Managing Director from 12 January 2026 to lead Judith-2 delivery and funding. Drilling is now targeted for Q3 2026, with about $5.1M cash at 30 September 2025.
31 Oct 2025quarterly activities report● Neutral
September 2025 quarter restates the GaffneyCline audit (166 Bcf contingent), the $3.7M placement, the farm-in start, and the Marshall and King appointments. Drilling is now described as H2-2026, rather than mid-2026 as in September releases. Cash figures are not visible in the text provided.
23 Sept 2025director officer appointment▲ Good
Malcolm King, previously a consultant to EMP, joined the board. He was Shell's wellsite geologist on the 1989 Judith-1 discovery well and sits on the Buru Energy board. Adds technical depth ahead of Judith-2.
22 Sept 2025admin correction▼ Bad
At ASX's request, EMP removed the 'Recent Transaction Summaries Vs Emperor Profile' page from the 2 and 18 September presentations, and told investors not to rely on it. The text does not say why ASX asked.
18 Sept 2025investor presentation● Neutral
Re-issued 18 September presentation with the corrected wording and Marshall added. It restates 100% ownership, mid-2026 drilling and the farm-in process. The 308 Bcf 'successful appraisal' line still appears in the highlights text provided.
18 Sept 2025admin correction● Neutral
Amends the 2 September farm-in release and presentation: the drilling-target wording now says the well is intended to prove up commerciality, replacing the earlier implied 308 Bcf reserve outcome. The presentation also adds Marshall as COO.
18 Sept 2025director officer appointment▲ GoodMajor
Steven Marshall, a well engineer with 25 years' experience who was COO at GB Energy, joined as Chief Operating Officer to run Judith-2 delivery, including the AGR drilling manager and Valaris-107 rig contracting. Drilling remains scheduled for mid-2026; rig talks are still 'advanced discussions'.
5 Sept 2025admin correction● Neutral
Re-lodgement of the Appendix 4G governance checklist for the year to 30 June 2025, dated 18 August 2025, filed under the title Corporate Governance Statement. No new substance.
2 Sept 2025investor presentation● Neutral
September 2025 investor presentation repeats the Judith-2 case: 100% ownership, 166 Bcf contingent and 142 Bcf prospective targets, mid-2026 drilling and the started farm-in process. No new results or deals are visible in the text provided.
2 Sept 2025farm in farm out agreement● NeutralMajor
EMP formally began the farm-in process to fund Judith-2, with Argonaut as exclusive adviser and Mumford Commercial Consulting assisting. EMP holds 100% of Vic/P47; drilling is set for mid-2026. No partner is named, so funding remains open.
18 Aug 2025annual report● Neutral
Appendix 4G for the year to 30 June 2025, lodged with the annual report: a governance checklist pointing to the company website. Carries no new information on projects, funding or results.
18 Aug 2025annual report● Neutral
Annual report for year to 30 June 2025 restates the environment plan lodgement, GaffneyCline audit and capital raising. It targets Judith-2 drilling in 2026 and commercial gas in 2029, with Jendry listed as chairman. Financial results are not visible in the text provided.
31 July 2025quarterly activities report● Neutral
June 2025 quarter largely restates the GaffneyCline resource audit (166 Bcf contingent), the $3.7M placement and the NOPSEMA environment plan progress. It names the Valaris 107 as the intended rig, with negotiations ongoing for mid-2026 drilling. Financial figures are not visible in the text provided.
9 July 2025capital raising announcement▲ GoodMajor
EMP raised about $3.7M via a placement of 120.0M shares at $0.031, led by Argonaut, up from $0.023 in December 2024. Funds go toward Judith-2 work, an option fee on the Valaris 107 jack-up rig and long-lead items. A formal farm-out process is to follow.
What it means for a shareholder
120m new shares at A$0.031 to raise about A$3.7m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (32,258 at the issue price), your slice goes from 0.00454% to 0.00388% of the company. To keep it you'd need 5,449 more shares - about A$169 at the issue price.
Create a free account to see this worked out for your own holding.
1 July 2025resource reserve update▲ GoodMajor
GaffneyCline audited Judith: 166 Bcf 2C contingent resource, plus 142 Bcf P50 prospective in deeper Longtom sands. Unrisked prospective resources rose from 1.63 to 1.86 Tcf. It confirms the 2023 petrophysics and recommends a Judith-2 twin well with a sidetrack. The 198 Bcf contingent figure is replaced by 166 Bcf.
12 May 2025regulatory community update▲ Good
NOPSEMA found the Judith-2 environment plan complete and published it for a 30-day public comment period, with technical assessment still to follow. Drilling remains targeted from mid-2026. Argonaut is due to start a strategic funding process in June 2025.
30 Apr 2025quarterly activities report● Neutral
March 2025 quarter: environment plan lodged 31 March, with Judith-2 drilling targeted for mid-2026. Rig talks continue and Argonaut is preparing an information memorandum for a funding consortium. Cash was $2.921M, with $248k exploration spend. Jendry's appointment is restated.
22 Apr 2025director officer appointment▲ GoodMajor
Douglas Jendry joined the board and was elected Chairman. He is an experienced oil and gas executive and an adviser to the Nero Resources Fund, which joined the register in the September 2024 placement. He is the first chairman named in this history.
2 Apr 2025regulatory community update▲ GoodMajor
EMP submitted its Judith-2 environment plan to NOPSEMA, ending the slippage from January and February. Drilling is now targeted from mid-2026 (earlier 2025 was required by August 2025), using a jack-up rig; an initial rig proposal has been received. No partner is named yet.
27 Feb 2025half year report● Neutral
Half-year to 31 December 2024: loss $457,018 (prior year $472,680). Net assets rose to $9.274M from $5.643M after the placements. Working capital surplus was $3.15M. No tenement interests changed; Vic/P47 and the three Queensland gold leases are held 100%.
