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.

Save some for other investors gibby.lol

lol - i NEED SOME MORE RMP!!!

i would not want to be out of rmp next week!!!

Should be a good week with investors taking a position that have not already.

Wonder if TD will be into October. Due to the slow progress at the start of drilling.
If they have or gone through 2500 mtrs it would be a market push to hear of some hydrocarbons.

If we hit oil, Im thinking this will not have to dilute by much to fund future drills.
A lot of interest on the boards about this share now. This must start to move next week.

http://redemperorresources.com/irm/ShowStaticCategory.aspx?CategoryID=24&HideTopLine=True&masterpage=5

well we are getting nearer and nearer - poss soft bounce today

What about a very hard bounce.lol

Have a good day gibby.

lol 178!

& you have a good one to dc

Drill at only 1452 mtrs of 3500 mtrs, due to the loss of a collar. Not good news.

Wednesday 28 September, 2011Red Emperor Resources NL
Georgian Drilling Update

28 September 2011

Red Emperor Resources NL

("Red Emperor" or "the Company")

Georgian Drilling Update

Red Emperor Resources NL (ASX: RMP | AIM: RMP) along with its joint venture
partners Strait Oil and Gas UK Ltd and Range Resources Limited is pleased to
announce that while drilling has been hampered over the past 10-12 days due to
the loss of a drill collar in the hole, the drill collar has been successfully
recovered with new drill collars having been sourced and delivered to site late
last week. Drilling recommenced over the weekend and is currently at 1,452m,
with a target depth of 3,500m.

Drilling with continue to approximately 2,500m at which point 9 5/8" casing
will be set before drilling will recommence out to a target total depth of
approximately 3,500m, which is expected to be reached in late 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

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 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: 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 nearly 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 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,

never going to reach 3500mtrs end of Sept as rns states more like end of Oct.

lol - i would not want to be out of rmp when target depth reached :-))

i am glad as will give me time to realise other pofits to gain more here at these incredibly cheap levels

i NEED MORE RMP
lol
gla

gibby, you can buy mine.lol

dc - wash your mouth out!!! lol see what that comment has done to rmp today - you have got peeps running scared - well good keep it up because this sp to me is a dream come true - I NEED SOME MORE RMP lol

i would only be concerned if i could not wait - but got plenty of time here & rrl

got me some more otc yesterday & today - looking here tomorrow & maybe rrl - also rrr - so many bargains i think i will contact bell at rrr though his equivalent 80p or thereabouts target for rrr by xmas this year looks a little optimistic to say the least LOL!!

have a good evening

You are going to get plenty of time with this drill gibby.lol

yes indeed i do hope so lol!! longer the wait bigger the bang payback - yeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Dow Jones Newswire:::

Wednesday September 28th 2011


Red Emperor Resources NL (ASX: RMP | AIM: RMP) along with its joint venture
partners Strait Oil and Gas UK Ltd and Range Resources Limited announced
that drilling recommenced on the Mukhiani well in Georgia after recent difficulty.
The company stated that drilling is currently at 1,452m with a target depth of
3,500m although casing will be set at 2,500m.

Frontera Resources (LON:FRR) has appointed Cornhill Capital Limited as the
company's joint corporate broker,frontera have recently kicked off a multi well
campaign in Georgia where it is confident of increasing production from circa
225 bopd to 5000 bopd on its 100% owned block 12. Chief executive steve
nicandros believes production rates will grow steadily month on month from
the Mirzaani and Mtsare khevi fields, and also has plans to explore the Patara
and Nazarlebi fields where an additional huge oil target has been mapped