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Red Emperor Resources (RMP)     

mikegr - 21 Jul 2011 18:07

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.

Chart.aspx?Provider=EODIntra&Code=RMP&Si

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.




gibby - 18 Sep 2011 15:06 - 137 of 836

i am in no hurry to sell right now - i am actually looking for more and to buy on any weakness - i nearly sold the lot last week to buy back lower (wish i did now!!) but i could not risk not being in - i am quite a patient person so can wait - but if there is a sudden spike on news or rumour of i may well sell to buy more back at lower sp - i am static right now

i really like the low relative volume of shares here

dreamcatcher - 18 Sep 2011 15:21 - 138 of 836

For rmp's sp to rise 1p the company valuation only needs to rise 1.5 million, less than 10 times rrls, thats what i like. My average is 22.7p. May have a few more next week.

gibby - 18 Sep 2011 18:26 - 139 of 836

ditto that - yep lets see what the week brungs - i wonder how many have missed the low volume shares in circulation - perversely most likely more upside here than rrl - but i like them both!!!! gl

gibby - 18 Sep 2011 18:26 - 140 of 836

sorry typo bot brungs but brings :-)

gibby - 18 Sep 2011 18:26 - 141 of 836

sorry typo bot brungs but brings :-)

gibby - 20 Sep 2011 08:42 - 144 of 836

steady as she goes!! gl

dreamcatcher - 21 Sep 2011 15:36 - 145 of 836

Nice and steady,starting to move now.

dreamcatcher - 22 Sep 2011 12:41 - 147 of 836

Good steady rise up1.75%

gibby - 22 Sep 2011 13:04 - 148 of 836

yep while others are falling peeps putting there cash into safer shares such as rmp!!!

this link and the news in it is producing some real bargains elsewhere today!!

good for the experienced investors

http://www.bbc.co.uk/news/business-15014843

dreamcatcher - 22 Sep 2011 13:08 - 149 of 836

This is a strong share,lets hope this bad news does not last to long

dreamcatcher - 22 Sep 2011 13:22 - 150 of 836

dreamcatcher - 22 Sep 2011 13:25 - 151 of 836

gibby - 22 Sep 2011 15:38 - 152 of 836

indeed - lol

Warren Buffett's Advice on Effective Client Meetings

By Dan Richards
For many clients, the regrettable reality is that meeting with their advisor is no longer an uplifting experience. Here are three steps to make meetings with clients a more positive experience, so that they're not seen as akin to a visit to the dentist.

http://www.advisorperspectives.com/newsletters11/Are_Your_Client_Meetings_Like_Going_to_the_Dentist.php

http://www.advisorperspectives.com/newsletters11/Are_Your_Client_Meetings_Like_Going_to_the_Dentist.php



dreamcatcher - 22 Sep 2011 15:40 - 153 of 836

Whats your thought on purchasing more gibby. Can not see them going to drop, unless bad news.

dreamcatcher - 22 Sep 2011 15:46 - 154 of 836

Re 152, Be upbeat lol in these times

dreamcatcher - 22 Sep 2011 15:47 - 155 of 836

If i had his money I would be.lol

dreamcatcher - 22 Sep 2011 16:21 - 156 of 836

Had a top up here today. As these will move faster then rrl with the news due.
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