Article

Empyrean Energy (EME: AIM) released its Interim Report for the six months ending September 30, 2025. In July 2025, Conrad Asia Energy Ltd signed a gas sale agreement with PT PLN Energi Primer Indonesia for natural gas from the Mako Gas Field, following a directive from Indonesia's Ministry of Energy to prioritize domestic supply.

Previous allocations for gas sales to PGN and Sembcorp were revoked. In November 2025, Empyrean received a Notice of Election of Remedy from West Natuna Exploration Limited regarding disputed cash-call amounts totaling US$789,815.

Additionally, Conrad and WNEL signed a farm-in agreement with PT Nations Natuna Barat for the Mako Gas Field development, providing full financing for project costs. In Australia, a Drill Stem Test at the Wilson River-1 well resulted in the recovery of formation water, leading to the well being plugged and abandoned.

Ongoing technical work will assess future prospects within the ATP 1173 permit. Fundraising efforts raised US$0.825 million in April and US$1.354 million in July 2025.