Mega RNS!5 Jun 2026 08:59
For this tiddler..CEO:
Empyrean CEO and Technical Director, Gaz Bisht, commented:
"This is the moment Empyrean shareholders have been waiting for. A binding rig contract is not a plan - it is a commitment, and it signals to the market that the Mako Gas Field is moving to drill.
We have a world-class discovered gas resource, a contracted jack-up rig, a clear development programme of six wells, and a pathway to market through established Indonesian domestic gas infrastructure. The remaining work is execution. With over US$320 million of development capital underpinned by a contracted drilling schedule and a Q2 2027 commencement date, I am confident that Mako will deliver the value this asset has always promised. Today is a good day for Empyrean."