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.

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.

yep - i was quite surprised to be honest so no complaints with today here

Up 1.89% on the ASX = 18.49 pence

I would think the Al Jazeera interview should have created just as much excitement for rmp as it has on the RRL . Roll on Monday morning.

UP 3.6% on the ASX 0.285$ = 19 pence

not long now!!

Circ re Georgia Update - Site Construction Unde...
PRNW


23 January 2012

Red Emperor Resources NL

("Red Emperor" or "the Company")

Georgia Update - Site Construction Underway

Red Emperor Resources NL (ASX: RMP | AIM: RMP) ("Red Emperor" or "the Company")
would like to announce the following updates with respect to its Georgian
operations.

The Company is pleased to announce that site construction has commenced in
readiness for the spudding of the Company's second exploration well in Georgia
- the Namakhvani well which is the Kursebi 6 Prospect. Targeted spudding date
is early to mid February 2012 with a target depth of circa 3,500m.

Given the unexpected geological sequences encountered with the first well, Red
Emperor's joint venture partner, Range Resources Limited (ASX: RRS | AIM: RRL)
has engaged new independent technical consultants, NTD Energy, to perform a
fresh review of all of the seismic and geological data across the top 3 Kursebi
prospects previously identified. The Kursebi 6 prospect was identified as the
most robust prospect with a more clearly defined structure and indications of a
significantly thicker Jurassic section, increasing chances of encountering more
reservoir and mature source rocks.

Below are the estimates of undiscovered stock tank oil initially in place
(STOIIP) for the prospect.

STOIIP (Mmbbls)

P90 P50 P10 Mean

K-6 Prospect - 100% 32.2 84.8 185.8 99.2

Attributable to Red Emperor - 20% 6.44 16.96 37.16 19.84

NTD Energy will assist in the management of the Company's drilling program for
the Namakhvani well along with the supervision of the proposed 2D seismic
program on block VIb. NTD Energy will also assist the Company promoting and
developing the unconventional (shale) plays that may exist across the two
licence areas through the introduction of farm-in partners.

The Company will provide regular updates as to the progress of the drilling of
the second exploration well.

For further information please visit www.redemperorresources.com or contact:

Red Emperor