You didnt copy the spdat.eff over from your everquest directory..
From the README
Part 2: Setting up EQEmu.
1) Unzip the EQEmu zip files to a folder on your desktop or on your main drive (I would recommend using C:\eqemu)
2) Copy spdat.eff from your Everquest directory to your EQEmu directory (Should be C:\eqemu)
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