Emperor Energy advised that it has completed a commercial agreement with global seismic company CGG for the purchase of a license to access newly acquired 3D seismic data covering the Judith Gas Field and Greater Judith Structure. This new seismic data was acquired by CGG during 2020 as part of a multi-client 3D Seismic Survey that covered much of the Offshore Gippsland Basin including the Judith Gas Field. Seismic acquisition was carried out using equipment and techniques incorporating 7000 m long acquisition cables to generate the quality reservoir resolution seen so far in the Gippsland Basin. Preliminary processed 3D data which includes a MAZ merge with CGG's previous legacy reprocessed data has been received by EMP with final processed data expected to be delivered by CGG later in 2021. Initial examination of the new data by EMP's consulting Geologists and Geophysicists confirms a major improvement in seismic data quality compared to previous seismic imagery providing high definition across the Judith Gas Field and much of the Greater Judith Structure. Some further improvement in data quality is expected in the final processed data volume. High seismic amplitude (low impedance) response is used as a potential indicator of gas. Seismic sections across the Judith Gas Field indicate that high amplitude/low impedance responses are well developed in the sections correlating with the Judith gas sands intersected in the Judith-1 well, and also in the interpreted underlying Longtom reservoirs, and can be seen extending significantly up-dip into the Greater Judith Structure from the original Judith-1 gas discovery drilled in 1989 by Shell. The improved seismic data quality in the new seismic volume will allow Amplitude Versus Offset (AVO) modelling to be employed as a Direct Hydrocarbon Indicator (DHI) in these reservoir sands across the Greater Judith Structure. Initial examination of the new seismic also shows the presence of high amplitude responses indicative of the possible presence of gas in interpreted Kipper Gas Sands extending from the currently producing Kipper Gas Field (operated by Exxon Mobil) into the southeastern corner of Vic/P47. The possible extension of the Kipper Gas Field into Vic/P47 will be assessed by future work. Emperor Energy's consulting Geologists and Geophysicists will continue with detailed interpretation and analysis of the seismic data throughout April and into early May. This will include redefinition of fault blocks and gas sand horizon continuity within each block, seismic correlation against the Kipper 1 and South East Longtom 1 wells along with AVO analysis to highlight potential gas reservoirs.