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.

Into next week please. Better day today gibby

Rumours of have we found oil?

Just about at my average now.

Annual report


http://redemperorresources.com/IRM/Company/ShowPage.aspx/PDFs/1197-93995294/AnnualReporttoshareholders

kerrrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnnnnnnngggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggg so glad to up sub 20s - i kneeeeeeeeeeeeeewwwwwwwwwwwwwwwwwwwwwwwwwwwww itttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt

what an end to the week

fillllllllllllllllllllllll yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee boooooooooooooootttttttttttttttttttttttsssssssssssssssssssssssssssssss

Well done with sub 20p Why the rise. Is it a three letter word Oil

cheers and well done to you also - i know your spirit dropped a bit but you reasoned what we all know & stuck it out

and yes oil - strong city whispers afoot!!!

Up 29% NOW. Thought my socks were getting wet gibby. lol

lol yes!!

I WOULD NOT WANNA BE OUTTA RMP & RRL THIS WEEKEND!!


LLLLLLLOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL

Talk of an RNS Monday, we have hit something. Roll on Monday

Bit of selling, on the rise again.

Thanks to kevyorks on interactive ii, an excellent post.



I don't think its been posted on here from what i can see though you guy's on Rum have seen this already, the excitement today has been about the Georgia drill passing a major hurdle and finally getting back on track. It has not hit significant hydrocarbons yet to the best of my knowledge but is now well placed to do so, all being well.
As per prior RNS's the drill rate has been very slow and we've lost sections of the drill down hole that have since been retrieved and drilling recommenced this issue has been caused by trying to drill through a intrusive strata of Granite (think kitchen worktops its bloody hard) and many tens of meters thick. The drill has today cleared this strata and is drilling below it now.

The reason this is significant is two fold first just to get through this is a achievement in itself but mainly its confirmation of the likelihood of a good regional seal. This does not mean there is certain to be hydrocarbons here but the likelihood has just gone up appreciably. I'll explain it in layman's terms like on RUM.
Imagine the target area like a Jam Jar with no lid on the hydrocarbons would migrate elsewhere. The Granite strata in this case is our lid (which we have now confirmed) and we've just drilled through it and are now into the interesting area where any targets as seen on the seismic's should be. So the hard work is now done getting down there and through the lid, we're now getting to the hopefully pay-zone areas.
Even better as confirmed by the board at the start of the drill they are using a LWD (log while drilling) bottom hole assembly which means the drillers will be getting near real time data of what they are drilling through so there should be no need to trip the drill to wire line log. This means we could well be getting regular updates if they pass through any promising strata on the way to TD.

Kevin

Perhaps investors will understand why the drill has taken longer then stated. Look forward to updates.

good stuff dc - good day here - i was so tempted to sell some earlier but didnt as i firmly believe in rmp - additionally imo this is a share that can hit 30p + anytime quite easily so why rush and take smaller profit through impatience and potentially lose out big time - not even top slicing here just in case

have a good weekend

Range Resources. How shallow is shallow?

by Brokerman

I'm going through all the recent contacts,notes,research we've had on Range Resources while trying to put yesterdays flare up into perspective.

Investors should note that Range and Red Emperor began yesterdays rise almost simultaneously. Lots of different bits and pieces coming in at the moment. Both companys are tied at the hip re Georgia. So it's NO coincidence that they both began to rise. News/rumours of hydrocarbon shows have been doing the rounds in the city and online. There are some who make valid points, lots of emails saying that the drill is too early for oil shows. Now I disagree on this point, for thus reasons. It's generally now accepted that the drill is speeding up since the collar problem was resolved. If you do some quick research you'll find that most of these plays in Georgia are based on previous Russian drills which in the most were drilled to relatively shallow depths, to define structural features identified from surface geological mapping, and to assist in planning the location and design of water reservoirs. Deeper wells were drilled for the purpose of detailed identification of the stratigraphy of the area. Many of these wells encountered oil and gas shows, in which case they were shut in and abandoned without testing.These shows were at shallow levels. So the question is how shallow is shallow? Much of the work carried out by the technical staff of Strait in Georgia has been to collate information from diverse databases/shallow drills and to integrate the data into their own regional interpretation. It's not beyond the bounds of reason that Strait have encountered some form of oil/gas show when bearing in mind that oil shows in shallow drills in Georgia were the norm when the Russians were drilling this area. Of course it's mere speculation at the moment. Even so the Range sp has risen as has RMP. There must be some basis or kernel of truth otherwise both companys would not have risen. The current market value of Range is significantly below where it should be this is in part due to funding,dilution,leverage concerns and of course the world financial crisis that lurches from pillar to post on a daily basis. Indeed the LSE has just announced their worst quarter for 9 years so set against a background of macro geopolitical financial turmoil, companys will suffer until stability returns. An interesting point here is that the Nomads have contacted their respective companys so as ever news will leak out next week. Any expectation of an oil discovery here will certainly spike the stock back up to previous 20p levels. If they hit oil then it should go ballistic. It's all getting very interesting at Range Resources.

Viva!

Daniel

PS. And remember Range have a terrific portfolio of producing assets that underpin them for the longer term

This share is being talked about now.


http://rmp.test.irmau.com/IRM/Company/ShowPage.aspx?CPID=1160&EID=75357026

Up 13.8% on the ASX


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

As per londonstockexchange website:

Settlement as of 30/09/2011, at 5:45 p.m.
Spectacular surge from Red Emperor Resources Nl Npv (Di) as it records bullish 11.24% increase. The security had a bearish start to the day, opening above the previous range bottom, but improved its performance as trading progressed. Red Emperor Resources Nl Npv (Di)'s weekly trend is more sluggish than the benchmark's movements. The downswing could create selling opportunities for Red Emperor Resources Nl Npv (Di) stock.

Status and Trend Analysis
Red Emperor Resources Nl Npv (Di)'s medium-term scenario corroborates its negative trend. However, an analysis of the short-term chart gives a first indication that the bears are on the way out, with the share price rising towards first resistance in the 21.96 area. Support is at 19.46. Further positive moves would support the case for a new high in the 24.46 area.

Risk Analysis
Here is an investment for risk-loving investors, who will choose to venture large sums despite the security's high daily volatility of 7.02. With daily volume equalling 2,847,280, above the moving average of 1,453,600, Red Emperor Resources Nl Npv (Di) is clearly attracting interest in the market

Monday 03 October, 2011Red Emperor Resource
Price Monitoring Extension
RNS Number : 4606P
Red Emperor Resources NL
03 October 2011

Price Monitoring Extension


Today's closing auction call period has been extended in this security by 5 minutes.


Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security's closing auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today.


The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices



This information is provided by RNS

What does that rns mean?