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.

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.

Huge volume today, lets hope the same for tomorrow.

Shares are running tight. With the Halifax as at now, would have to place an order for 75000. Bodes well.

UP 10% on the ASX, volume up 5 fold.

Small sell off first, now good buying .

Very few sells

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Fantastic trading, sp catches its breath then onwards at a higher price. :-))

Much the same as yesterday still very good purchasing the bid and offer are now being walked down again at the end of the day
MM'S want cheap shares for friday.

That 525,000 buy just now, wont leave them with many. :-))

Interesting no change on the ASX, wonder if the last few days momentum will carry on here ?

Nice tree shake.

Very strange trading morning, cannot see the reason for the 5% loss of the sp.
A lot of automatic selling must have been triggered.

Just hope this share gets to see its full potential. Feel its being held back. I suspect its getting to far ahead of Range resources. Not to keen on both parties sharing the same office. MMs need shares, with the news due this week, this should fly.

mms know this will fly once out of the red, with only 190 million shares.

Red Emperor Resources (LON:RMP) have slipped back towards major support at 20p, which looks like a level where investors have drawn a line in the sand on many occasions. The market is sitting and waiting in anticipation of an update on drilling at the company's asset in Puntland, Somalia, that was spudded on the 17th of January. This is the first well to be drilled in the region for nearly 20 years, and has captured a lot of the markets attention in doing so. The company is anticipating being at target depth approximately 90 days from spudding, but that does not stop the bulletin boards speculation of updates along the way. We will be watching the news wires closely here

Read more: http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_San_Leon_Wessex_Exploration_and_Red_Emperor_Resources/a75f5e5d0ce0.aspx#ixzz1mNf9Xycu

Up 12.66% today, could be rmp's week next week.