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.

Thanks to scarey pete on LSE




Completed oil wells (or gas) are like inverted telescopes into the ground. Bynari is spot on regarding risk of blowout and volumes to control. Much easier and quicker to drill an 8&1/2 " pilot hole and then, when it is known to be safe, open it out to 17&1/2". Rather like drilling a 1" Hole through a piece of steel plate. Drill through with a 1/4" drill and then open it out in stages. Offshore we used to start with ( and they will still do it thye same way) 36" drill to about 150 /200 ft, line it with 30" casing, then drill to about 1500ft with 24" drill. Line that hole with 20" caseing. Drill to 4,000/5,000 ft with 17&1/2" and line with 13&3/8" caseing, then drill with 12" until close to target zone. Line that with 9&5/8" caseing. each time you run and set caseing it has cement pumped down to the bottom of the casing and out through the bottom so that it then flows up the outside of the caseing and secures the caseing to the formation surrounding the hole. That was the bit BP got wrong in Gulf of Mex last year. amongst other things, they did a poor cement job and the well found the week spot and blew out. Hope this helps you to understand a bit of what is going on.

GL

Scarey Pete

http://www.stockopedia.co.uk/content/red-emperor-flotation-offers-strong-leverage-into-range-resources-exploration-portfolio-57639/

released after hours today by Africa oil

Africa Oil Puntland Drilling Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2011) - Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to provide an update on drilling operations related to the two-well exploration program in the Dharoor Valley Block, located in Puntland (Somalia).

Drilling locations have been selected over two robust prospects targeting gross best estimated prospective resources of over 300 million barrels each, based on internal estimates. A contract has been awarded to Sakson Drilling and Oil Services who will provide a 1,500 horse-power, top drive equipped rig. The majority of the drilling-related third party service contracts have been entered into and all outstanding service contracts are expected to be completed before the end of August.

The Company is actively engaged in sourcing drilling related materials and early stage logistics including drill site and ingress route construction. A contract has been signed with a water well drilling company and water well drilling will commence in early September. Mobilization of required personnel and equipment is planned to allow for spud of the Shabeel-1 well during the fourth quarter of this year.

The Puntland Government and Dharoor Valley communities are fully supportive of the drilling project and have ensured they will do all that they can to allow the project to move forward safely and expeditiously.

Please refer to the Company's press release dated August 11, 2011, detailing a proposed transaction whereby the Company will transfer its interests in the Puntland production sharing contracts to Denovo Capital Corp. ("Denovo"). Assuming completion of the transaction and related financing, it is anticipated the Company will own approximately 50% of Denovo. A private placement of CAD$40.9 million has been closed by Denovo subject to final TSX Venture Exchange approval of the transaction which will allow the new combined company to fully fund the upcoming two well program.

Keith Hill, Africa Oil's President and Chief Executive Officer, commented, "We are very pleased to have signed a drilling rig contract and to have procured the required services to allow us to commence drilling operations in Puntland. With support from the local communities and Puntland Government, we are eager to drill the first exploration wells in Puntland in over 20 years, aimed at unlocking the resource potential of the area."

Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya, Ethiopia and Puntland (Somalia). Africa Oil's East African holdings are in within a world-class exploration play fairway with a total gross land package in this prolific region in excess of 300,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. New discoveries have been announced on all sides of Africa Oil's virtually unexplored land position including the major Albert Graben oil discovery in neighbouring Uganda. Similar to the Albert Graben play model, Africa Oil's concessions have older wells, a legacy database, and host numerous oil seeps indicating a proven petroleum system. Good quality existing seismic show robust leads and prospects throughout Africa Oil's project areas. The Company is listed on the TSX Venture Exchange and on First North at NASDAQ OMX-Stockholm under the symbol "AOI".

Should be a rns Thursday

18 August 2011
BOARD & MANAGEMENT
Mr Greg Bandy
EXECUTIVE DIRECTOR
Mr Jason Bontempo
NON‐EXECUTIVE DIRECTOR
Mr Stephen Brockhurst
NON‐EXECUTIVE DIRECTOR
Ms Shannon Robinson
COMPANY SECRETARY
REGISTERED OFFICE
945 Wellington Street
West Perth WA 6005
POSTAL ADDRESS
PO Box 1263
West Perth WA 6872
CONTACT DETAILS
Tel: +61 8 9322 7600
Fax: +61 8 9322 7602
WEBSITE
www.redemperorresources.com
SHARE REGISTRY
Computershare
Level 2
45 St Georges Terrace
Perth WA 6000
Tel: 1300 555 159
NOMINATED ADVISER
Cairn Financial Advisers LLP
61 Cheapside
London EC2V 6AX
Tel: +44 (0) 207 148 7900
Fax: +44 (0) 207 148 7909
ASX CODE
RMP
AIM CODE
RMP
Manager of Company Announcements
ASX Limited
Level 8 Exchange Plaza
2 The Esplanade
PERTH WA 6000
By E‐Lodgement
Puntland Drilling Contract Signed Drilling Set for Q4, 2011
Highlights:
Africa Oil signs landmark contracts for a drilling rig and third party
services to drill 1st well in Puntland in over 20 years
Mobilization of required personnel and equipment to begin
First drill target, Shabeel‐1, to spud in Q4, 2011
Red Emperor Resources NL (ASX/AIM: RMP) is pleased to announce that its joint venture
partner and Puntland PSA operator, Africa Oil Corp (TSXV: AOI) has signed a landmark
contract with Sakson Drilling and Oil Services who will provide a 1,500 horse‐power, top
drive drilling rig to drill two highly anticipated exploration wells in the frontier state of
Puntland, Somalia.
The majority of the drilling‐related third party service contracts have been entered into
with the mobilization of required personnel and equipment to commence which will
allow for the spudding of the first well during the fourth quarter of this year.
Drilling locations have been selected over two robust prospects each targeting gross
best estimate oil in place of circa 900 million barrels. The first prospect, Shabeel‐1, is
targeting in excess of 300 million recoverable barrels of oil. Red Emperor has an option
to participate in the second well.
The Puntland Government and Dharoor Valley communities have assured they will assist
and support the joint venture to allow the project to move forward safely and
expeditiously.
Africa Oil will hold its interest in the Puntland Projects through its shareholding in Horn
Petroleum, who recently completed a $41m capital raising.
Red Emperors Executive Director Greg Bandy commented, We are delighted that our
JV partner has signed a drilling rig contract and associated contracts and we look
forward to drilling the first exploration wells in Puntland in over 20 years.
For and on behalf of the Board
Greg Bandy
Executive Director

Held well today

http://www.iii.co.uk/tv/episode/aim-oil-and-gas-firms-set-strong-end-2011

Sudden turn around. great . Keep going

Buying at 24p

dc easy money here just need a bit of time
nav v share allocation many would envy
also iis coming in secretly
perfect for me

Going to be a very good share if we hit. Nice rise 1.25p - 5.65%

Today is day 38 of the Georgia drill since spud.
At the Maukhiani 1 well we are targeting 115 million barrels,
at a drill depth of 3500mtrs.
Red Emperors interest being being 23 million barrels - 20% interest.
We have just gone by the 10 day update, so there should be
news early next week.

dc yes good day at the office
according to chatter not if we hit but WHEN, certain parties very interested so i am told and building stakes on the quiet

gibby, All sounds very good to me.

DC, how do you think the SP has been held back?

I've seen this or similar comments posted on a number of occasions on a number of different stocks over the years and am curious as to SPs are held back.

ptholden, again my only personal view as post 53 explains. You have your views i have mine.

DC, you've stated that you think (rightly or wrongly) that you believe the SP is being held back, I'm simply asking you how you think that is achieved? I'm not picking you up or expressing a view either way. Simple queston.

Like I said the other evening. Please correct me if i am wrong. It would be so good if everyone worked together, we are only here to make money. cannot see any other
reason. Sitting in my seat, could you not say no I disagree with you its this or that.
I can answer your post 54 but feel you are going to disagree ( please again i may be wrong) but i do not want to get in a long debate who is right and wrong.

So in others words, this is a comment you've read on another thread maybe on this board or perhaps elsewhere and you've decided this is why RMP isn't going up like you'd like?

Generally, in normal market conditions, share prices go down because there are more sellers than buyers and don't move, when market opinion is matched or no one is really interested. Conspiracy theories are marvellous for explaining why the stock you have just bought is doing badly rather than admitting you've bought a pile of crap. Such theories delay the point at which you're going to have to admit to a mistake, the ego prefers you blame something else.

There you go ptholden.