Emperor Energy Ltd (AU:EMP) has released an update.
Emperor Energy Ltd has announced promising results from their gas production simulation modeling, suggesting the Judith-1 Well could produce up to 100 million standard cubic feet per day for over four years. Even at a reduced rate of 60MMscf/day, the well is expected to sustain production for over eight years, comparable to the capacity of the nearby Orbost Gas Plant. These findings are based on data from the 198 BCF 2C Contingent Gas Resource in the Gippsland Basin.
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