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.

THE INDEPENDENT-BP and Shell fight over African oil find,MARK LEFTLY SUNDAY 18 MARCH 2012
http://www.precogz.com/home/

I wish you lot would not ramp like this......what was it before ?...19 billion barrels ?....to my reckoning quite a bit of two strikes never mind one is already in the price.....perhaps they might hit a large accumulation but plenty of work remains to be done.....anyway we shall see.....I want them (HRN,RRL and RMP) to succeed but I can't do with ridiculous overestimates....I'm overweight with RRL as it is and their sp should be a lot higher....

SATURDAYS OIL & GAS WRAP-17/03/2012,Gulf Keystone Petroleum,Range Resources
http://www.precogz.com/news/page/4/

rf you are not alone in being fed up with wild overestimates from "rampant rampers" who regurgitate old news, like noc on the GKP thread. Some of these bloggers are obviously journos trying to create a story or are ramping shares they have written about which is of course illegal, remember the Daily Mirror case a few years ago.

rf, Far from ramping . I do not think the price is priced in the two wells. We will see. If you jumped ship to early not my problem.My view anyone
shorting this next week with the news next week will be brown toast. Rf you asked for investors views, whats it not the news you want to hear? 19 billion barrels is not some figure I have made up in my head. Halifax - You seem to read all the news. I am sorry this share is doing fantastic. :-))

Ps halifax if there was any bad news I would soon put it on here. I do not think you can accuse me of ramping, sorry. I sit in the middle, if i am not happy with the share you will soon hear. As far as I can see the news is all good to today, so sorry nothing to say other than good news. Call it ramping, whats everyone to do shut up because a share is doing well ?

One thing I am not over the moon about is Georgia. Seems a very difficult area to drill,
with many pas there.

rf, from the RED EMPEROR SITE.



Puntland
In Puntland, Red Emperor holds a 20% working interest in two licences encompassing the highly prospective Dharoor and Nugaal valleys in 2011. These two exploration areas cover nearly 40,000km2 and have independently been assessed to potentially contain over 19.9 billion barrels of oil in-place. Red Emperor’s joint venture partner and PSA operator Africa Oil Corp. (TSXV: AOI) has signed a letter of intent with a drilling subcontractor and expects the first well to be drilled in Dharoor in Q3, 2011.

Who says there will be news this week ?....perhaps...perhaps not....if so it might just be there are oilshows or hydrocarbons of a sort and drilling is going ahead see website and in a month the market will be updated again ....now what would be nice would be : a substantial column of oil has been discovered and will be flow tested upon completion...yes that would be nice...but 1 chance in 10 of that filtering through so early !....

This reads good news for all investors, with some troubles being calmed. To add - this reporters news before an event or just news has all stood up.




http://dissidentnation.com/puntland-senior-clan-chief-hosts-dinner-for-president-faroole/

Up 11.3% on the ASX

grumpy old bugger rf.,.

Bought some back within my isa.....but mainly in RRL....both rising this morning...

With a good day tomorrow 50p

http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Wessex_Exploration_Northern_Petroleum_and_Red_Emperor_Resources/05cc03538b69.aspx


Red Emperor Resources (LON:RMP) and Range Resources (LON:RRL) continued to push forward again today, trading 6% and 5.5% better respectively. Holders on both are looking forward to the next update on the shared asset in Puntland Somalia. The last update on the 7th of March said the company has been encouraged by the hydrocarbon shows in the Shabeel-1 well, but added that there is still a great deal of information which must be collected before it is able to properly evaluate the results to date. Shabeel-1 well continues drilling ahead on the Dharoor Block in Puntland, Somalia and is currently at a depth of 2002 meters.

Up 12.5% on the ASX

PUNTLAND UPDATE

Shabeel-1 Well

Red Emperor is pleased to report that the Shabeel-1 well on the Dharoor Block
in Puntland, Somalia is currently at a depth of 2,384 meters. It is expected
that casing will be run at approximately 2400-2700m, as dictated by the next
electrical logging run. Target depth remains at approximately 3,800 meters.

Puntland - Offshore

As announced today by Red Emperor's JV partner, Range Resources Limited (ASX:
RRS | AIM: RRL) Range Resources has entered into a Memorandum of Understanding
("MOU") with the Puntland Government with respect to obtaining a 100% working
interest in the highly prospective Nugaal Basin Offshore Block. The Block is an
extension of the onshore Nugaal Region that has the potential for deltaic
deposits from the Nugaal Valley drainage system and comprises over 10,000km.

Range Resources intends to commit to a 2D seismic program within the first
three years, with further 3D seismic and an exploration well to follow in the
second three-year period. The MOU is subject to a formal PSA being entered into
and all necessary regulatory approvals.

It is Range Resources' intention to offer Red Emperor a participation interest
in the Block, on terms to be agreed. Red Emperor looks forward to updating the
market when more information comes to hand.

http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Range_Resources_Red_Emperor_Resources_and_Chariot_Oil_Gas/a797cae0ac14.aspx





Red Emperor Resources (LON:RMP) slipped 6% to 44.5p before bouncing straight back up to trade flat on the day at 47.5p. Volumes over the last few trading sessions in both have been through the roof, as retail investors continue to speculate about an imminent update from the Puntland drilling programme in Somalia. The selling could have been attributed to the update from Horn Petroleum (CN:HRN) who have a 60% interest in the same asset that said 'Horn Petroleum Corporation reports that the Shabeel-1 well on the Dharoor Block in Puntland, Somalia is currently at a depth of 2,384 metres and is drilling ahead to a planned target depth of approximately 3,800 metres. There are no results to report at this time.'

Up 6.2% on the ASX