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.

My guess a small retrace in the morning, then will start to recover.

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=RMP

Hope mms dont play yesterdays news to much

I am guessing a pull back to 40p.

Not if the oil rumours are correct !....

mitzy.....thought you'd gone to ground never to be seen again.....lol hope this one does'nt drop back into the 30's.,.

Back in the blue, looks good.

Its Cheltenham week Balerboy..

Good to see the sp taking a breather, could not sustain the
rise at such a pace.

This is in for a large tree shake before oil news, looks like it has started.MMs want shares.

wish I'd sold at 45p.,.

Down 5.7% on the ASX

Half Year Report



http://www.moneyam.com/action/news/showArticle?id=4330207

Issue of Equity



http://www.moneyam.com/action/news/showArticle?id=4330206

Good to see this recover, onwards.

Agreed! I like the look of this one. Let's hope they make it big.

Running on free shares now, sold a batch Wednesday 45.20 . Well happy. Good luck
geri

Incredible..

Good luck mitzy, if you have this stock, otherwise good luck. :-))