Red Emperor Resources (RMP) is an ASX and AIM listed natural resources exploration company
with interests in the frontier state of Puntland, Somalia and the Republic of
Georgia.

* In Puntland, Red Emperor holds a 20% working interest in two licences
encompassing the highly prospective Dharoor and Nugaal valleys. These two
exploration areas cover over 36,000km2. The first well in a two well
programme spudded with drilling also commenced on the second well in
January 2012 targeting 300mmbls and 375mmbbls of best estimate Prospective
Resources (100% basis). Site construction has commenced on the second well
with the setting of the 30 inch surface casing and the drilling of a 50
meter pilot hole in readiness for spudding following the completion of the
first well.

* In the Republic of Georgia, Red Emperor has a 20% working interest in
onshore blocks VIa and VIb, covering approx. 6,500km2. Joint Venture
partner Range Resources Limited (ASX: RRS | AIM: RRL) previously funded a
410km 2D seismic program with independent consultants RPS Energy
identifying 68 potential structures containing an estimated 2.045 billion
barrels of oilinplace (on a mean 100% basis) with the first (Mukhiani-1)
of two exploration wells having spudded in July in 2011. Re-interpreted
seismic supported by the Mukhiani-1 vertical seismic profiling has
identified new fault and stratigraphic trapping potential with the
possibility of a side track well to be drilled post additional seismic in
2H 2012.



As at 8th March 2012, the Company has 206,681,755 ordinary
shares in issue. The Company holds no shares in treasury and each share carries
one vote. This figure may be used by shareholders in the Company as the
denominator for calculations by which they will determine if they are required
to notify their interest in, or a change to their interest, under the
Disclosure and Transparency Rules.

Should be an rns tomorrow.

Thursday 04 August, 2011Red Emperor Resources NL
Circ re Puntland Drilling Update

4 August 2011

Red Emperor Resources NL

("Red Emperor" or "the Company")

Puntland Drilling Update

Highlights:

* Puntland Government and Africa Oil agree to adjust specific milestone
target dates

* Contracts for a drilling rig and third party services are in advanced
stages of negotiations with contract execution scheduled for early August

* Drilling of two wells to commence in Q4, 2011

* New Company established by Africa Oil after successful $41m capital raising

Red Emperor Resources NL (ASX/AIM: RMP) is pleased to announce that its joint
venture partner and Puntland PSA operator, Africa Oil Corp (TSXV: AOI) is
currently in final preparations to commence a two well drilling campaign in the
Dharoor Valley Block, with the first well planned to spud in the fourth quarter
of 2011. Drilling locations have been selected over two robust prospects each
targeting gross best estimate oil in place of circa 900 million barrels.
Contracts for a drilling rig and third party services are in advanced stages of
negotiations with contract execution scheduled for early August.

The Puntland Government and Dharoor Valley communities are fully supportive of
the drilling project and have ensured they will do all to allow the project to
move forward safely and expeditiously.

Specific milestone target dates have been adjusted by the Puntland Government
allowing the joint venture to move the drilling start-up to the fourth quarter
of 2011. In addition, partial relinquishments in both the Dharoor Valley and
Nugaal Valley agreements have been finalized and approved.

As previously announced, Africa Oil has entered into a letter of intent for the
creation of a new Puntland focused oil exploration company to be named Horn
Petroleum Corp. ("Horn Petroleum"). Horn Petroleum will be created as a result
of the sale of Africa Oil's subsidiaries that hold its oil and gas properties
in Puntland, Somalia.

On 2 August 2011 Horn Petroleum completed a US$41 million capital raising, with
assistance from Africa Oil. These proceeds will be used to fund Horn
Petroleum's share of costs associated with the drilling of two exploratory
wells in the Dharoor Valley Block. Africa Oil subscribed for US$10 million of
the private placement and will have an approximately 50% interest in Horn
Petroleum when the transaction completes. It will also provide certain
management and technical services under a service contract.

The Puntland Government has also given its approval for the formation of Horn
Petroleum and the impending transaction with Africa Oil.

Red Emperor's Executive Director Greg Bandy commented, "We are delighted that
JV partner and Puntland operator, Africa Oil Corp., along with the Puntland
Government have settled on mutually agreeable terms that will finally see a
well(s) drilled in Puntland, Somalia this year. Both Africa Oil, Range
Resources Limited and Red Emperor should be commended on the many months of
negotiations, logistical management and due process that have resulted in us
arriving at this point. We look forward to advising the market in the coming
week(s) as critical service contracts are executed and mobilization begins.
This is truly an exciting time for the oil and gas industry."

For further information please visit www.redemperorresources.com or contact:

Red Emperor

Greg Bandy +61 8 9225 2826

Cairn Financial Advisers LLP (Nominated Adviser)

Jo Turner +44 20 7148 7900

Tony Rawlinson

Old Park Lane Capital plc (Broker)

Luca Tenuta +44 20 7493 8188

Michael Parnes

Tavistock Communications

Paul Youens +44 20 7920 3150

Ed Portman

Background

Red Emperor Resources NL (ASX/AIM: RMP) is a natural resources exploration
company with interests in the frontier state of Puntland, Somalia, the Republic
of Georgia and Western Australia.

* In Puntland, Red Emperor holds a 20% working interest in two licences
encompassing the highly prospective Dharoor and Nugaal valleys. These two
exploration areas cover over 36,000km2 and have independently been assessed
to potentially contain a combined 19 billion barrels of oil in-place. Red
Emperor's joint venture partner and PSA operator Africa Oil Corp. (TSXV:
AOI) has signed a letter of intent with a drilling subcontractor and
expects the first well to be drilled in Dharoor in Q4, 2011.

* In the Republic of Georgia, Red Emperor has a 20% working interest in
onshore blocks VIa and VIb, covering approx. 6,500km2. Joint Venture
partner Range Resources Limited (ASX: RRS | AIM: RRL) last year funded a
410km 2D seismic program with independent consultants RPS Energy
identifying 68 potential structures containing an estimated 2.045 billion
barrels of oilinplace (on a mean 100% basis). Two wells are to be drilled
this year as part of the proposed drill program.

* The Company also has a 25% interest in the Jillewarra Project, a copper and
gold project in Western Australia. This interest is free carried through
until bankable feasibility study.

Headline tip in RHPS this weekend!!
This will go BOOOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMM on Monday morning!!!
YEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEHHHHHHHHHHHHHHHAAAAA!!!

DC words - We saw Mr Tom Bulford recommend rrl shares. Then in Jan 2011 he told them to sell. The sp dropped dramatic.

1.He does not stick with investments long term, to keep interest in his mag.
2. He told investors to sell far to early. It shot days later to new levels.
3. SP drops hard when he says sell, due to so many sheep.

Mr Tom Bulford ?







Red Hot Penny Shares
Shares recommended may be small company shares. These can be relatively illiquid and hard to trade making them riskier than other investments. Please seek independent personal advice if necessary.
Where to find the big profits in the UKs most exciting share market
Issue 153 August 2011
Tom Bulford, Editor
Inside
Next Issue
Friday
2 September 2011 ...continued over...
This crisis will breed
a new enthusiasm
for stocks........Page 4
This West End
secret could make
you 183% in the
Olympic rush...Page 5
The huge prize
at the end of the
great Bahamas
oil hunt..........Page 8
Toms Masterclass:
The radical
potential of biotech
heralds a new age
of progress....Page 11
If you are not prepared for the biggest gamble of the year, then skip this
article and move on.
I have found a new way of playing two of the hottest oil exploration
prospects in the world. Thanks to one deal, this company has a 20% interest in
two highly promising oil and gas plays in the former Soviet state of Georgia.
And thanks to a second it has a 20% interest in two onshore basins in Puntland,
the autonomous region of Somalia.
If you were following Range Resources you will remember that it is also
participating in these same projects. And you will remember that Range has
chosen not to stake its entire future on these two projects alone.
But the company I am describing today is prepared to stake everything on
Georgia and Puntland. If it doesnt hit oil its shares will have negligible value.
But if the gamble comes off we could make a 365% return on our investment.
And because they are eligible for your ISA, that nice capital gain could come
entirely tax-free!
In fact this is a company that could have been created just for Red Hot Penny
Shares even down to its name Red Emperor.
Lets start by reminding ourselves why Georgia and Puntland are two of the
most important new oil and gas plays in the world right now.
A colossal basin that stretches from
Georgia to the Black Sea
Since escaping from its Soviet past in the Rose Revolution of 2003, Georgia
has been given the accolade of top reformer by the World Bank. Its
done everything possible to attract foreign investment. And its position at
the crossroads of Europe and Central Asia has made it a natural hub for
infrastructure which includes a network of oil and gas pipelines. So if oil and
gas can be found it should be quite easy to get it to market at a profit.
And oil has been found lots of it. The Supsa Field near the Black Sea has
been producing oil since 1889. To date there have been 22 other discoveries,
confirming the presence of a working hydrocarbon system that extends all the
way from Georgia into the Black Sea.
In January last year Red Emperor acquired a 20% interest in two blocks that
cover 10% of the entire land area of Georgia. The operator of the licences is the
private company Strait Oil & Gas. It has a 40% stake, while Range Resources
has the other 40%. Exploration got under way last year and an independent
report by consultants at RPS Energy included a best estimate across 68 different
drillable prospects of 2.05bn barrels of oil.
Now drilling targets have been identified and on 14 July drilling commenced
This massive oil gamble
could make you 365%
2 ...continued on next page...
32
26
30
24
28
34
Jun 24 Jul 1 Jul 8 Jul 15 Jul 22 Jul 29
Yearly performance since listed (Jun) 2011 -28.93%
RED EMPEROR: SHARE PRICE
Year to end Revenue Pre-tax profit Earnings P/e Yield
June A$m A$m A$ (%)
2009A 0.09 -1.9 0.05 0.0 0.0%
2010A 0.02 -1.2 -2.8 0.0 0.0%
2011E N/A N/A N/A N/A N/A
2012E N/A N/A N/A N/A N/A
Latest Bid/Mid/Offer: 20.5, 21.5, 22.5 Limit Buy Price: 25
Bid Break Even: 9% 12-month Price Target: 100
Shares in Issue (m): 152.5 Market Cap (m): 32.8
NAV(p): N/A Price/NAV: N/A
Epic code: RMP Market: AIM

He may lift the sp, but if anything like rrl when he says sell it will drop hard. The screen was red in Jan when he said sell rrl.

i personally prefer it when tb does not tip any shares i own - i actually find it annoying - however unfortuantely the chatter i have heard which has nothing to do with tb suggests a good monday here - just annoyed it conincides with tb tip but hey ho

personally would not buy on a tb tip from any of his multiple mags - but lots do i have also noticed that

didnt know there was an rmp room - must have been walking around blind folded lol!!

but rmp aside from what i have heard is the fact that in relation to similar companies they have far less shares in circulation which can only add to upside pot at these levels

had to endulge here friday - it was rude not too - sold some but kept the majority at what i considered bargain basement prices for next week

back to the weekend now

have a good weeekend dc and all...


yeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Agree 110% gibby

yeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

mm hustle lol

http://www.youtube.com/watch?v=L5YUCygMBiE

or LOL LOL!!!

yeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

26 / 27 live

kerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnnggggggggggggggggggg

roll on tomo!!!

Am I allowed to go......
YEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEHAAAAAAAAAAAAAAAAAAA???
KERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRCHINNNNNNNNNNGGGGGGGGGG???
Bring it on!!!

YEHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Good day to purchase. Im in the club.

Should be a Georgia update this week and the punti mob would be great.

UP 10% strong buying

A bit like a yo yo this morning, staying blue.

http://www.redemperorresources.com/irm/Company/ShowPage.aspx/PDFs/1184-86270690/GeorgianDrillingUpdate

ASX Limited
Level 8 Exchange Plaza
2 The Esplanade
PERTH WA 6000

By E‐Lodgement
Georgian Drilling Update

Red Emperor Resources NL (ASX: RMP | AIM: RMP) along with its joint venture partners
Strait Oil and Gas UK Ltd (Strait) and Range Resources Limited is pleased to announce
that drilling of an initial 8 pilot hole has reached its planned depth of 700m and has
been successfully logged with the results confirming the anticipated lithology. The pilot
hole is currently being opened up to 17 after which the 13 3/8 casing will be run and
cemented and drilling will then resume with a target total depth of approximately
3,500m expected to be reached in mid‐September.
The Mukhiani Well is targeting the Vani 3 prospect which has the following estimated
undiscovered stock tank oil‐in‐place (STOIIP):
Vani 3 Prospect ‐ STOIIP (MMbbls)
P90 P50 P10 Mean
Gross (100%) 41.7 92.7 178.2 115.2
Net Attributable to RMP (20%) 8.3 18.5 35.6 23.0
Vani 3 Target
Block VIa945 Wellington Street, West Perth WA 6005 | Tel: +61 8 9322 7600 | Fax; +61 8 9322 7602 | www.redemperorresources.com
ABN 99 124 734 961
The geochemical helium survey undertaken by JV partner, Range Resources, confirmed the suitability of the
first drill location with oil exploration and development prospectivity complementing the earlier seismic
work completed on the target.
For and on behalf of the Board
Greg Bandy
Executive Director
Background
Red Emperor Resources NL (ASX: RMP) is a natural resources exploration company with interests in the frontier state of Puntland,
Somalia, the Republic of Georgia and Western Australia.
In Puntland, Red Emperor holds a 20% working interest in two licences encompassing the highly prospective Dharoor and
Nugaal valleys. These two exploration areas cover over 36,000km
2
and have independently been assessed to potentially
contain a combined 19 billion barrels of oil in‐place. Red Emperors joint venture partner and PSA operator Africa Oil Corp.
(TSXV: AOI) has signed a letter of intent with a drilling subcontractor and expects the first well to be drilled in Dharoor in
Q4, 2011.
In the Republic of Georgia, Red Emperor has a 20% working interest in onshore blocks VIa and VIb, covering approx.
6,500km
2
. Joint Venture partner Range Resources Limited (ASX: RRS | AIM: RRL) last year funded a 410km 2D seismic
program with independent consultants RPS Energy identifying 68 potential structures containing an estimated 2.045 billion
barrels of oil‐in‐place (on a mean 100% basis). Two wells are to be drilled this year as part of the proposed drill program.
The Company also has a 25% interest in the Jillewarra Project, a copper and gold project in Western Australia. This interest
is free carried through until bankable feasibility study

Africa oil rns


http://www.thepressreleasewire.com/client/africa_oil/release.jsp?actionFor=1485082&releaseSeq=0&year=2011