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.

It will be good to see 15p - 16p before the spud news.

well over 5/1 in favour of buy.

Up 9.5%

http://www.proactiveinvestors.co.uk/companies/news/37295/emerging-oil-and-gas-frontiers-attract-attention-37295.html

Up 5.6% on the ASX

Recovering well, purchasing at 14 now

Should rise this aft if the buying pressure holds.

In the Dec red hot penny shares mag

RMP - BUY up to 27p (citing Puntland drills imminent)

UP 2.6% ON the ASX

Down 2.5% on the ASX

http://www.moneyam.com/action/news/showArticle?id=4285145

up 7.7% on the ASX

Down 4.8% on the ASX

up 5% on the ASX

down 2.4% on the ASX

up 12.20% on the ASX

In profit today, 14% rise.

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Flying in oz, up 15.2%

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