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.

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

http://intelligencebriefs.com/?p=1993

100 Billion Barrels of Oil in Somalia, the Actual Value
March 20 | Posted by David Goldman | Intelligence News, The Intelligence Report Oil and gas has been found in Somalia leading to a wild scramble for Somalia, particularly with the British government shifting its military assets focus to Mogadishu.

The value of these oil deposits are estimated to be 100 billion barrels of oil, an amount large than what Kuwaiti has.

The value of oil in Somalia is immeasurable, Africa Oil finds in Puntland quantify this perspective.

Africa Oil is expecting to start oil production in Somalia’s northern autonomous enclave of Puntland in a few months to come.

If this is successful, Somalia will become the seventh largest oil producing nation.

Already British Petroleum BP, has been appointed as a choice strategic partner by Somali officials

Bully bull on iii today

This is the hight of the buzz so far for Somalia yesterday BP finally came out and agreed to the speculation to there move to somalia.

My contact tell me that should be have the amount of oil that's been reported (he strongly believes above the know figures and all bets are off!) 2-4billion is looking to be Confirmed on the next (supposed) wire log testing. And that BP will then make there move firstly on RMP as he's see us as the weakest point to a safe entry. That is complete true in my view also he says that they then tend to move towards RRL but only for there Somalian interests!!
He sees risk price of nothing less than $6 so all values now new to altered to suit the increase in possible TO price and value In the land bank!

Conoco has now pushed the US government for a resolution for them to also push back to the region.

So far there has been sighting of no less than 4 oil majors now in puntland.
BP (UK)
Conoco (US)
Total (France)
Sinopec Latest (china)

*government confirm they are doing the rounds to the local tribes (point 3-4 of the 5)
*government is doing each village and town very quickly
*government comfirms that RRL are to have 100% of the prize offshore
*government comfirms they will be using the OIL revenue to better there people's lives
*BP is confined by the goverment!!

Its almost time for the goverment to make the big call to the world!
"goverment will only announce once all objectives to the people are resolved"

I don't know about you but things are moving quickly in all the positive ways possible!
They want the oil revenue and they will be producing within months!

He finished to tell me that the announcement could be any day now it's all on the government now

Well there we go all
Best regards and rewards
Bully bull

sounds like bullshit to us!

- 7.2% on the ASX

Halifax: Maybe!

retrace ready for the next jump.

This one has been more fun than dear old GKP of late. The latter seems to have unsettled a few people since its dramatic fall. I was always told to get onboard those that were on the UP and sell those that have fallen off a cliff

The share is up 100% in a month and a lot more from its low of 11p. Not doing to bad, a retrace then onwards with some more news.

Down 6.3% on the ASX

Profit takers showed up to the recent Red Emperor (LON:RMP) rally, pushing the shares 8% easier to 42p on decent volume. Red Emperor have been on a cracking run of late, pushing from a low of 19p to the recent high of 50.75p. Holders here are waiting for an update on drilling at the Puntland asset in Somalia. Horn Petroleum (CN:HRN) did announce earlier this week 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.



Read more: http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Gulfsands_Petroleum_Providence_Resources_and_Red_Emperor_Resources/222c6dfcdb19.aspx#ixzz1pxUP2UIE

FoxDavies views from the trading floor – Red Emperor Resources