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Red Emperor Resources says spudding of Puntland well imminent
StockMarketWire.com
Oil explorer Red Emperor Resources (LON:RMP) says it sees no specific reason for the reason for the movement in its share price but does indicate that drilling on its 'landmark' well in Puntland, Somalia is 'drawing close'.

In a statement the Company said: 'We are not aware of any information concerning it that has not been announced and which, if known, could be an explanation for recent trading in the securities of the Company. As has been disclosed to the market on a regular basis, Red Emperor is earning a 20% interest in two highly prospective oil & gas blocks in Puntland, Somalia.

'The first exploration well to be drilled as part of a two well program is due to spud shortly. This landmark well will be the first to be drilled in Puntland in over 20 years and is targeting an enormous potential oil in place of close to 1 billion barrels. While drilling has not yet commenced, it is drawing very close and a comprehensive update will be released upon spudding.'

At 12:31pm: (LON:RMP) share price was +1p at 19p

Bodes well gibby :-))))))))))

it does :-)))))

Through 9p ? :-)))))))))))))))))))))))

up 3.85% on the ASX

yep dc - we are through 9p lol - yeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaa

On the move 4%

10p today ?

could be :-))

Its welcome to go more if it wants to. :-))

buying at 10p +

http://www.hl.co.uk/shares/stock-market-summary/ftse-aim-100/top-volume

up 11.11% on the ASX = 10 uk pence

should sustain 10p+ today

:-))))

PI's don't want to be out of this over the weekend!!..

Hi gibby and grannyboy, looking good.

Buying at 11p.

http://puntlandnews24.com/shidaal-soomaaliya-laga-qodayo-goor-dhow/

http://www.somaliareport.com/index.php/post/2517/Puntland_Kicks_Off_Oil_Drilling_Project