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Red Emperor & Range Resources (RMP LN, 18p, ▲ 1.4%; RRL LN, 6.2p, ▼ 2.1%) - Second of the now Three Leg Programme: Shabeel North-1 was initially planned to be the second and final leg of the current programme; however, with the discovery it is now the second leg of three, which will conclude with the testing of at least one well - Shabeel-1. While there is a long way to go before commerciality is declared, the first step towards it has been achieved. Ahead of this news, we are reiterating our BUY recommendation on both stock and target prices of 65p (RMP) and 27p (RRL).



Read more: http://www.oilvoice.com/n/FoxDavies_Daily_Monitor_Essar_Energy_San_Leon_and_Red_Emperor/637d22304970.aspx#ixzz1x1z70fRj

http://www.oilvoice.com/n/FoxDavies_Daily_Monitor_Essar_Energy_San_Leon_and_Red_Emperor/637d22304970.aspx

Ftse up over 100 pts + spudding of new well = little change. A very slow and long road for this one !

TT update today or tomorrow. Should of been a spud on a deeper drill. (6500Ft)

sp lifting perhaps pre news

Will be good to have news to drive the sp not on Puntland.

Agree - still a long way to go for me and I guess you to DC? Nice to see a blue sea instead of the red one!!!!

If Europe does not wreck us, then lets hope for a steady rise 3m. There is Talk Pl is in TT for the spud. Perhaps now giving the operation a kick up the ar--

up 13% :-))

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Thats better than the start of 2010 :-))

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Perhaps PL has used both feet and kicked a few more up the chuffy. Or may be just one of those things that they have decided to let them go up for a change for now!!!!!!

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I think this sp fall has shaken the Directors. No news to date has lifted the sp like this .
Odd ?

Okay mnamreh sshhh! it is

lol m. Yes dont tell everyone :-))

Thinking about it no, lets make a lot of noise.lol

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Maybe the Directors have thought enough is enough, this needs to be going somewhere other than down the pan????? I am not quite sure who has control over the price of shares - as nothing ever adds up to me but of course I am only a novice.

Same again for two weeks and we will be happy. lol