Empire Oil & Gas NL updated on the Red Gully North-1 (RGN-1) project. Enerdrill Rig-1, the rig contracted by Empire to carry out the remedial cementing workover, is now at the RGN-1 location and is being rigged up in readiness for the workover operations to begin. This is the same rig used for the well completion in March 2016. The long lead equipment for the remedial cementing and re-completion of RGN-1 has also been received and is being transferred to the wellsite. All technical, safety and environmental approvals have been received from the Department of Mines and Petroleum. As previously advised to the ASX on 14 October 2016, final detailed engineering and operational planning is now complete. Based on the results of the diagnostic testing the project cost for the workover and well test is estimated to be AUD 2.9 million including AUD 0.45 million spent to date on long lead equipment, diagnostic testing and planning. The project is economically positive given the contingent reserve of 7.5 PJ, potential high condensate yields and the requirement of only a short, low cost 4 km pipeline tie back to the Red Gully Processing Facility.