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.

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

Down 6.2% on the ASX

Fantastic up 20%, yesterday down 10%

Probably risen too much...fund raising...the problem with this one is that if the well is a duster (hope not)...the sp will be slaughtered more than RRL's.....because of no production of any kind yet.....

Very strong buying

Not a lot of stock about, hence the large rise.

Would think we are heading for a speeding ticket without an RNS.

Up 30% yehaaaaaaaaaaaaaaa

Oil, but not sure how much......good update and looks like a seal is in place.....very strong indications of something down there but how much ?.....working petroleum system is there....

http://www.moneyam.com/action/news/showArticle?id=4324299

Huge volume.

http://www.oilvoice.com/n/Red_Emperor_Resources_NL_announce_Puntland_drilling_update/3c3df51274b6.aspx

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

:-))))))))))))))))))))))))))))))))))))))))

Can't understand why Range resources is not moving faster then Red Emperor.....RRL is by far the best of the two as it has extra producing assets !....

Gibby .......keep your posts shorter.......can't get it all on the screen now.....lol.,.
Nicely in profit on this one now...... hope it continues.,.

Good to see the yehaaaaaaaaaaaaaas back lol

Range 2 billion + shares 8% up today

RRL 200 million about 31% up

With the same news on Puntland/Georgia rmp will move faster then range with only 10% of the shares in issue as range.

As at now ASX up 23%

up 22.4% on the ASX - 0.46 AUD = 30.9 GBP