Emperor Energy (ASX:EMP) said GaffneyCline completed an independent audit of the gas resources within the Judith gas field in Victoria, estimating a 2C contingent resource of 166 billion cubic feet within the Judith East Block that contains the Judith-1 gas discovery well and a P50 prospective gas resource of 142 billion cubic feet within the deeper Longtom gas sands, according to a Tuesday ASX filing.
The total unrisked prospective resources audited by GaffneyCline across the gas field increased from 1.63 trillion cubic feet to 1.86 trillion cubic feet.
GaffneyCline recommended twinning the Judith-1 gas discovery well with an appraisal well, Judith-2. The Judith-2 drilling is scheduled for mid-2026.
Its shares rose 15% in recent trading on Tuesday.
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