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Emperor Energy director demonstrates confidence in company with on-market purchase of shares

Last updated: 04:34 18 Feb 2021 GMT, First published: 04:23 18 Feb 2021 GMT

Emperor Energy Ltd -
The company has a strong management team with extensive exploration and financial experience.

Emperor Energy Ltd (ASX:EMP) director Carl Dumbrell has demonstrated his confidence in the company with the purchase of shares in an on-market transaction.

Dumbrell, who is also company secretary, acquired 206,437 shares increasing the total number of securities held to more than 8.109 million shares.

Following the purchase, Dumbrell has boosted his substantial interest in the company to 5.78%.

Completion of pre-FEED for Judith Gas Field

The company recently welcomed the completion of pre-front end engineering design (pre-FEED) by APA Group for the provision of midstream infrastructure and services related to gas to be produced from the 100%-owned Judith Gas Field in Victoria.

This is an important step in Emperor's plan to produce has from Judith in the 100%-owned VIC/P47 Permit in the offshore Gippsland Basin.

Pre-FEED documents and a summary report have been received by Emperor Energy and subsequently accepted by the board of directors.

APA has carried out the pre-feed work using a balanced combination of in-house and external expertise.

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