Emperor Energy Limited (ASX:EMP) – A$17.5m Institutional Placement

Argonaut acted as Joint Lead Manager and Joint Bookrunner to the placement, which received strong support from existing shareholders and new domestic institutional and sophisticated investors.

Proceeds will be applied towards ongoing activities to advance the Judith-2 Appraisal Well within the 100% owned Exploration Permit Vic/P47, including securing the Valaris 107 jack-up drill rig, tendering and securing required support services, completing the Environmental Plan approval process, and completing the required Geophysical Survey of the well site.

Congratulations to Managing Director & CEO Tim Handley, Chairman Douglas Jendry, and the broader Emperor Energy team on the successful placement. Argonaut's Corporate Finance team was led by Eddie Rigg, Rob Telford and Harrison Shepherd, with ECM syndication by Josh Welch.

For more information, visit the Emperor Energy website here.