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.

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

http://www.proactiveinvestors.co.uk/companies/news/37694/red-emperor-knows-of-no-reason-for-recent-rise-37694.html

another good day here :-))))))))

Should break 20p tomorrow. Friday should see large buying in for over the weekend, ready for the Puntland spud and dont forget Georgia spud. This is one I would not want to be out of this weekend.

Up 3.8% on the ASX. Just wonder if the spud rise is starting to be priced in. Still on the rise.

agree but on the reverse at the moment......

gibby, tomorrow should be a strong day.

Pis buying in for the Puntland news next week.

http://www.moneyam.com/action/news/showArticle?id=4291387

2 Price Monitoring Extensions, strange as the sp fell from +10% in the last 2 mins to
+ 2% in a second. Now back up.

i saw that earlier also down then almost straight back up!!! look closer at the tomorrow - good day here - rrl got some catching up to do!!!!!

UP 7.1% - 20 pence

steady day :-))

up 8.3% on the ASX

http://www.moneyam.com/action/news/showArticle?id=4292341

Down 18.5% on the ASX

yep due to lower shares in circulation noticed that as a % any change red or blue is always higher with rmp - the delta % strangely is not perhaps as constant as it should be so obviously the other factors do play their part :-)) good recovery here & rrl today

up 1.9% on ASX

A large spread here 6.75%

Good to see the 6% odd lift today. Had visions of this drifting down until the next due news.