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.

In here for the longterm. On Friday afternoon you could see this was being held back.
Would like to see this shares performance under sustained buying pressure with so few about.

It will be very interesting to see what happens on the ASX tonight.

No great shakes on the ASX, strong buying here, up 3.50%

Just wish they would let the dog off the lead.

Woof Woof ! lol

:-))

Someone knows the oil is there , and having reached the important 1,000m depth + one would expect some form of show.

This week will indeed be very interesting.

Bit of a fall back today

Soon be testing the 20's

On the rise now.

MM's need shares hence the games being played this morning.

Steady upward climb. Should be Georgia spud announcement any day now.

Very good buying now, shame RRL not following at present time.

Cannot purchase 75000, without a negotiated order. Shares getting short.

I should think rmp will have to put out an rns soon to commit to the second drill in Puntland or pass.

Struggling to hold this back. :-))

Just need a leak and these will fly.

Rumours pushing this today

Thought this would hang around 20p before TD perhaps 30p now

No doubt there will be some top slicing as this did hit a low of 11 pence, and some investors will have near doubled their initial investment.