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.

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.

LoL

I was curious as to whether you knew how a SP could be held back, it is possible, but I'm not 100% sure how it is done with a SETsMM stock. (I don't know if RMP is a SETsMM stock).

I was hoping you knew, but unfortunately you've just re-posted a semi-urban myth with no knowledge yourself if it's true. It's a bit like saying a 'SP is going to rocket tomorrow' or 'I wouldn't want to be out of this over the weekend.'

dc, point 2 is more true of what was said earlier.



Some tricks of the Market Makers
1. An institution places a big order for a stock. The market maker doesn't have enough stock to complete the transaction so he has two options 1) drop the price to trigger sales 2) increase the price to trigger sales. If the price is dropped other buyers may be tempted in and the market maker may still be short of stock and owe the institution shares it is guaranteed to provide. So sometimes for no apparent reason the stock price drops dramatically, a so called "tree shake" to trigger stop losses and allow the market maker to pick up the stock he needs.
2. If a particular share rises dramatically on an announcement, market makers sell stock to meet these orders and sometimes they sell these buyers stock they don't actually own in anticipation that they'll able to pick up stock more cheaply in the future to meet these buy orders when the share price reverses down. By gathering shares at a lower price they can meet the obligations of the buyers at a profit. This is why the share price can often drift down for days or week after a big announcement so that the Market Maker can guarantee that they can deliver all the shares they have promised by triggering sales.

That is what you can see here the sp launched at 30p slowly drifted down, with small bounces. Also the bad market conditions . MMs now collecting the shares that investors have sold to sell on with what should be good news or if bad news will have a lot more in their hands.

All very good DC, but MMs don't invest in shares which is what you are suggesting. What happens if the SP tanks on bad news? Oh yes, the MMs are stuck with any number of shares at a loss. Unless they have an order to fill they will be moved on tout suite!