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Emperor Energy advances pre-FEED work for flagship Judith Gas Field in Gippsland Basin


The pre-FEED work for the provision of midstream infrastructure for the Judith Gas Field is underway.

Emperor Energy Ltd - Emperor Energy advances Pre-FEED work for flagship Judith Gas Field in the Gippsland Basin

Quick facts: Emperor Energy Ltd

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Market: ASX
Market Cap: $3.94 m

Emperor Energy Ltd (ASX:EMP) made considerable progress in the June quarter towards developing its flagship Judith Gas field Project in the Gippsland Basin, offshore Victoria.

Outlining this progress, director Phil McNamara said: “In May we entered into our first binding agreement with APA Group to progress the project pre-Front End Engineering Design (pre-FEED).

“This flows on from the Memorandum of Understanding (MOU), relating to the Judith Gas Project, that was established between Emperor Energy and APA Group in October 2019.”

The design basis for the pre-FEED is 80 million standard cubic feet/day (90 terajoule/day) of sales gas across a 25-year project life with gas processing to meet the AS4564 gas sales specification.

The pre-FEED study will include:

  • Pre-FEED design for a gas processing plant to operate adjacent to and in parallel with the existing Orbost gas processing plant owned by APA;
  • Pre-FEED concept design for a subsea pipeline approximately 40 kilometres in length from the Judith gas field to a shoreline crossing;
  • Pre-FEED design for an export pipeline to the eastern gas pipeline located to the north of the Orbost gas plant; and
  • Refinement of indicative project cost estimates and project scheduling.

The study commenced in July 2020 and will require four months to complete.

Planning and design work

The company has also engaged leading well consultants AGR to undertake the planning and design work for drilling of the Judith 2 Exploration Well.

AGR's scope of work to be initially completed will include:

  • A project execution plan outlining well operations, equipment, resources, regulatory approvals required and definition of the key dates;
  • Development of a regulatory timeline which will map out the various stages of preparation of the environmental plan required for the well;
  • A drill rig expression of Interest to clearly identify opportunities for a rig sharing agreement to minimise mobilisation costs;
  • Preparation of a preliminary well design that can be further developed with detailed engineering; and
  • An analysis of well costs and well operation cost risks.

The initial scope of work commenced in July and is expected to be completed shortly.

Emperor is also continuing to advance farm in discussions with potential drilling partners.

Location of the 100% Emperor Energy owned VIC/P47 offshore Gippsland Basin showing regional permits along with oil and gas fields.

$500,000 placement

In late May, Emperor Energy raised $500,000 capital from professional, sophisticated and other exempt investors through the issue of 18 million new fully paid ordinary shares in the company at an issue price of 2.75 cents per new share.

The new shares were issued on or around May 27 2020 after receipt of funds.

At the end of the quarter, the company’s cash balance was $357,064.

Strategically positioned

The company is confident the project, which hosts a P50 unrisked prospective resource of 1.2 trillion cubic feet and a 2C contingent resource of 150 billion cubic feet, is strategically positioned to supply high-demand east-coast energy markets in Australia.

McNamara said: “The Judith Gas Field is a big play, in a prime location, with the potential to supply gas into the Australian East Coast market for more than 30 years.

“From a Government perspective, Australia’s Chief Scientist Alan Finkel has made it quite clear that the rise of intermittent renewable energy sources must be complemented and backed up by quick-start, gas-fired power.

“Emperor Energy is positioning itself to potentially become an important part of this picture as we progress into the September quarter with good momentum and a clear focus on further unlocking value at Judith”

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