Emperor Energy director acquires 50,000 shares in on market purchase

Emperor Energy Ltd (ASX:EMP) director Philip McNamara has acquired 50,000 shares in the company in an on market purchase at 2 cents per share.

Prior to the transaction he held 2,071,430 shares and 666,667 listed options, exercisable at 0.5 cents on or before 31, March 2020.

McNamara now holds 2,121,430 shares in the company.

Non-binding MoU

In January the company entered into a non-binding MoU with APA Group (ASX:APA) for its 100%-owned Judith Gas Field permit, offshore Gippsland Basin, Victoria.

The MoU covers the scope and commercial framework for the provision of midstream infrastructure and services related to gas that will be potentially produced from the field.

Pre-FEED study

The parties have agreed the pre-front end engineering design (FEED) scope of works to be included in an early works agreement that will progress a preliminary design and cost study for the establishment of:

  • A subsea pipeline from Emperors Judith gas field;
  • A new gas processing train to operate in parallel with APAs existing Orbost gas processing plant; and
  • An export pipeline to the Eastern gas pipeline located to the north of the OrbostRead More – Source