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.

Another risky one but you are right about it going ballistic if they strike the black stuff....starting to climb this....

If they hit first time, rf they will go ballistic. Sets the second drill up and investors will pile in. Also the Georgia drill to come. Also not been told the first one is a duster.
With all the news cannot see there being a duster, if so they will drop 50% and rise towards the second drill.

http://cb.iguana2.com/netwealth2/depth/rmp

All buyers on The ASX, bodes well for tomorrow .

RMP up 8.8% at this time on the ASX

breifly touched 40c = 0.271008 GBP

up 10.29% at this time on the ASX

up 17.6% on the ASX, large trade.

Up 14.7% on ASX @0.39

If you get a bit lonely here there's anice bit of analysis by Spandy from the LSE chatboards, nice effort

http://www.spandy.org/2012/03/03/red-emperor-resources-2012-3-scenarios/

http://www.moneyam.com/action/news/showArticle?id=4322012

http://www.growthcompany.co.uk/news/2090128/red-emperor-to-raise-126m-more.thtml

I'm with you dc, nice to see this rising.,.

You must be in profit now Bb, lets hope this one does very well.

Sounds like RMP have listed to trade in the US like Range Resources. Not sure if its from 8/2/2012 or 2/8/2012 depending if its a US date. HMMMMMM - Now have the two companies trading the same, same office address. Just wonder when the drilling is done if the two companies will combine and sell the 40% share of Puntland between them. Just my view.

Looks like 8/2/2012 for the above post.

Not to badly hit, with the bad markets today. Will recover

Down 6.2% on the ASX

Fantastic up 20%, yesterday down 10%