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.

http://www.moneyam.com/action/news/showArticle?id=4344779

one word - kerrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnggggggggggggggggggg :-))))))

He's back!!!.,.

http://dissidentnation.com/why-is-april-15-so-important-for-puntland/

If the puntland well is fill to spill as has been talked about this weekend could well be
kerchinnnnnnnnnnnnnnnnngggggggggggggggggg gibby.

84 days into a 90 day drill now, could be £1 + if we hit or 10 pence if a duster.
Still in profit at 10 pence.

yep bb - i'mmmmmmmmmmmmmmmmmmm backkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk lol :-))))

hope so dc - some peeps have gone mental and talking of £5 sp!!!! 1 squid would do me fine right now :-))

hope you guys all good and been doing well

I bet it would gibby :-)) good to see you back.Ramper lol

moi!!! surely not - lol

and cheers :-))

Been good to me this one, and I would hope all investors on here as well.

wish i'd got out at 45-48p

http://redemperorresources.com/IRM/Company/ShowPage.aspx/PDFs/1258-59377750/Appendix3B

on the rise

Agree with you Bb if we have a duster. Disagree with you if we find oil. :-))

indeed - but i still say.................................................................


i would not wanna be outta rmp tonight :-)))))))))))))))

Add a bit more please. :-)) Like why?

thought you'd come back with a new phrase by now gib.,.

April 11, 2012
Horn Petroleum Corporation: Drilling Operations Update on Shabeel Well in Puntland, Somalia

--------------------------------------------------------------------------------

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 11, 2012) - Horn Petroleum Corporation ("Horn Petroleum" or the "Company") (TSX VENTURE:HRN) is pleased to update the market on the drilling operations on the Shabeel well in Puntland, Somalia. Horn is the Operator and holds a 60% working interest in the Dharoor and Nugaal Valley Production Sharing Agreements ("PSA's") along with working interest partners Range Resources (20%) and Red Emperor (20%).

The Shabeel well is currently at a depth of 2703 meters and had just completed the setting of the 9 5/8" casing. The well drilled through primarily tight limestones and shales of Lower Tertiary to Upper Cretaceous age and encountered a 355 meter section of Upper Cretaceous sands and shales of the Tisje / Jesomma Formations at a depth of approximately 1660 meters. The sands in this interval exhibited both oil and gas shows and petrophysical analysis of downhole electrical logs indicates a potential pay zone of between 12 and 20 meters in the section. Attempts to sample formation fluids using a wireline formation tester were not successful and thus the zone will require cased hole testing to confirm whether they are oil bearing. At a depth of 2015 meters a thick section of tight limestones and shales was encountered extending to the present depth of 2703 meters which is believed to correspond to the Upper Cretaceous Gumburo Formation.

The forward plan on the well will be to drill ahead to the originally planned depth of 3800 meters to evaluate the primary and secondary reservoir targets in the Lower Cretaceous and Jurassic intervals equivalent to the main productive section seen in the analogous fields in Yemen. A testing program including the zones of interest seen to date and any deeper potential pay zones identified will be agreed with partners at that time. Upon completion of this well, the Company plans to move the rig to the Shabeel North location on which construction is nearing completion.

Horn President and CEO David Grellman stated, "We are encouraged by the results to date and pleased that we have confirmed the presence of an active petroleum system in the Dharoor Valley. We look forward to drilling ahead into the primary objectives of the well and hope to confirm the shallow prospective zones by testing in the near future."

Horn Petroleum Corporation is a Canadian oil and gas company with assets in Puntland, Somalia. The Company holds a 60% interest and operatorship in the Dharoor and Nugaal blocks encompassing a Jurassic Rift Basin on trend and analogous to the large oil fields in Yemen. The Company's shares are listed on the TSX Venture Exchange under the symbol "HRN".

ON BEHALF OF THE BOARD

David Grellman, President and CEO

http://asx.com.au/asxpdf/20120412/pdf/425kmbyx9t57j8.pdf

Up 4.3% on the ASX