Emperor Energy Ltd · ASX:EMP
Emperor Energy — RIU Good Oil & Gas Conference 2026
23 slides from Emperor Energy's conference presentation, Sep 17, 2026
Slide 1: The Return of Judith – RIU Good Oil & Gas Conference Presentation
ONE FIELD, FOUR CRITICAL LOADS COMMERCIAL AND INDUSTRIAL For personal use only Process heat for glass, cement, bricks and chemicals RIU GOOD OIL & GAS CONFERENCE HOMES PRESENTATION Cooking and heating – ~2m connections in Victoria, 1.5m in NSW, 0.5m in South Australia THE RETURN OF JUDITH GAS POWERE
Slide 2: Disclaimer
Disclaimer This presentation is for the sole purpose of preliminary background information to enable recipients to review the business activities of Emperor Energy Limited ABN 56 006 024 764 (ASX: EMP). The material provided to you does not constitute an invitation, solicitation, recommendation or a
Slide 3: Investment Highlights
Investment Highlights Emperor Energy is the 100% owner and operator of Judith – a discovered, independently audited gas accumulation in the Gippsland Basin, 14km from producing infrastructure, with an appraisal well booked for April 2027 into a structurally short East Coast market. For personal use
Slide 4: Corporate Snapshot
Corporate Snapshot Emperor Energy Limited (ASX: EMP) – capital structure and register at 16 September 2026 For personal use only EMP 1,011.3m 66.5m ~A$98.1m A$15.6m ~A$82.5m ASX CODE SHARES ON ISSUE UNQUOTED OPTIONS MARKET CAP CASH AT 30 JUNE 2026 ENTERPRISE VALUE SHAREHOLDER COMPOSITION SHARE PRICE
Slide 5: Judith is a Proven Gas Resource, Primed to Address the East Coast Supply Gap
Judith is a Proven Gas Resource, Primed to Address the East Coast Supply Gap DE-RISKED • Judith is a discovered gas field in a proven basin, based on drill data by Shell in 1989 For personal use only LARGEST NEW GAS FIELD ON EAST COAST IN A DECADE • P50 Prospective Resources approximately 2.4 Tcf (a
Slide 6: Infrastructure Rich Location
Infrastructure Rich Location The Judith Gas Field is predominantly within Emperor Energy’s VIC/P47 Exploration Permit Ownership Emperor Energy Limited (ASX:EMP) 100% For personal use only Permit VIC/P47 Stage Appraisal Water Depth ~70m Geology Multiple stacked gas saturated sands Judith-1 Discovery
Slide 7: East Coast Australia's Energy Trilemma
East Coast Australia’s Energy Trilemma fy eurenorenenoy:neD | Ask emp AUSTRALIA'S NEXT MAJOR GAS SUPPLY Coal exits, a looming gas supply deficit and 24/7 data centre demand are colliding in Victoria 2 million 88% of cmp 24/7 Victorian Victorianhomes | {ENB datacentre connections use gas GED demand F
Slide 8: The policy environment is shifting toward new Victorian gas
The policy environment is shifting toward new Victorian gas Emperor proposed a market-based offset mechanism in its submissions, the Commonwealth’s draft Design Framework contemplates an offset architecture FEDERAL VICTORIA THE OPPOSITION For personal use only Reservation rules are being set The sta
Slide 9: The value to LNG Exporters of underwriting new Victorian supply
The value to LNG Exporters of underwriting new Victorian supply By underwriting new domestic supply (e.g. Judith), LNG Exporters can dramatically reduce their losses from diverting export volumes to the domestic market THE LNG EXPORT PRICE AGAINST THE DOMESTIC PRICE CAP HOW A LNG EXPORTER RECOVERS T
Slide 10: Why Judith, why now
Why Judith, why now A rare, infrastructure-led path to material domestic gas supply – 100% owned, independently audited, drilling April 2027 For personal use only SCALE INFRASTRUCTURE-LED COST MARKET Largest conventional gas resource on A$330–420m, not greenfield Into a structurally short market Eas
Slide 11: First gas achievable within years of a final investment decision
First gas achievable within 3 years of a final investment decision (FID) with flexible development options Assumed Annual Cc Development Scenario lotat ca al Production Development Scenario Estimated CAPEX (AU$2025) fo) Capacity oO Bef Pi/a Tuna Gas Field (Third Party) Orbost Gas Plant (Standalone)
Slide 12: Board and Management
Board and Management Experienced offshore development, commercial and capital markets team For personal use only DOUGLAS JENDRY | CHAIRMAN CARL DUMBRELL | DIRECTOR AND COMPANY SECRETARY +40 years’ experience (Energy Sector Executive Leadership) +20 years’ experience (Taxation, Assurance Services) •
Slide 13: For personal use only
For personal use only
Slide 14: Judith Gas Field – Major Gas Resources (Audited by Gaffney Cline)
Judith Gas Field – Major Gas Resources (Audited by Gaffney Cline) JUDITH EAST – CONTINGENT RESOURCE (Gaffney Cline, as of 20 June 2025) (Deterministic Estimation) Arithmetic summation of Contingent Resources by category Audit Outcomes and Considerations Formation Reservoir 1C (Bcf) 2C (Bcf) 3C (Bcf)
Slide 15: Development and Production Optionality
For personal use only Development and Production Optionality Emperor Energy is currently assessing several potential development options ExonMobil Tie-Back to Tuna Platform Woodside 14km Low Energy Tie-In to Orbost Gas Plant oe 40km Med Z g 3 5 g 3 g & Depo 15km Med TOTAL RECOVERABLE RESOURCE - BASE
Slide 16: For personal use only
For personal use only Chart data per the 2025 GSOO; superseded in part by the 2026 GSOO, which forecasts southern supply gaps from 2030.
Slide 17: Emperor Sub-Group - Structural Configuration
Emperor Sub-Group - Structural Configuration The Judith Field is analogous to the Longtom Field, in a similar structural setting; with 3-way dip closure against the major north-bound Rosedale Fault. Longtom produced from 2007-2013, from reservoirs similar to Judith’s gas-bearing sands By Top Judith
Slide 18: Judith Gas Field - Longtom Analogue
Judith Gas Field - Longtom Analogue Judith-2 targets Judith East 2C Contingent Resource of 166 Bcf and Judith East (Deeps) P50 Prospective Resource of 142 Bcf; Successful well may result in 308 Bef from the Judith East block Longtom Analogues Judith-1 & Kipper-1 _ Phase 1: Judith-2 to Twin Judith-1
Slide 19: Potential TCF Field Development - Focused on Fault Blocks
Potential 1 TCF Field Development - Focused on 3 x Fault Blocks EAST BLOCK (166 BCF)1 + (142 BCF)2 & NORTHEAST BLOCK (379 BCF)2 & JUDITH CENTRAL (364 BCF)2 For personal use only 1 = 2C Contingent Resources 2 = P50 Prospective Resources
Slide 20: AVO Map shows lateral extent of gas effect response
For personal use only AVO Map shows lateral extent of gas effect response Base JGS 2 Extract value: AVO S' i | |_ Factor 4.20 S2Depth AVO Shuey Fluid Factor Contour Interval 20m Central Deep 20
Slide 21: Gas unit abbreviations & conversions
Gas unit abbreviations & conversions Common natural gas unit abbreviations: Mscf = Thousand Cubic Feet MMscf = Million Standard Cubic Feet BCF = Billion Cubic Feet TCF = Trillion Cubic Feet GJ = Gigajoule (metric measure of energy) TJ = Terajoule (metric measure of energy) PJ = Petajoule (metric mea
Slide 22: Competent Persons Statement - Consents
Competent Persons Statement - Consents • The Resources information in this ASX release is based on, and fairly represents, data and supporting documentation prepared and supplied to Gaffney Cline by 3D-GEO Pty Ltd. The preparation of this data and supporting documentation has been managed by Mr Keve
Slide 23: Emperor Energy contact details
Q=PE98 ENERGY LIiMIiteond Level 4, 55 York Street Sydney NSW 2000, Australia emperorenergy.com.au