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.

Up 4.3% on the ASX

Up 8.70% on the ASX

Sold all rmp, cannot see over 100% profit dwindle. May re - enter at a later date.

Good for you DC pleased for you. Have you booked your next holiday?

Lol 3m, thanks. Sitting on the fence and watching at the moment.

A sensible thing to do DC!

Thanks kim, perhaps to early or not who knows.

Holidays are booked with errrrr Thomas cook or may be not. :-))

12 April 2012

Red Emperor Resources NL

("Red Emperor" or "the Company")

Issue of Equity

Red Emperor Resources NL (ASX | AIM: RMP), the oil and gas exploration company
with interests in Puntland and Georgia, announces that it has received notice
to exercise warrants over 2,123,366 ordinary shares at an exercise price of 18p
per share, raising approximately £382,206 for the Company. Application has been
made for admission of the newly issued shares to trading on AIM which is
expected to occur on or around 17 April 2012.

Following admission of these shares, the Company will have 238,984,222 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://minesite.com/media/pub/var/release_downloadable_file/37169.pdf




Red Emperor (LON:RMP), who also hasa 20% ownership of the asset, slipped 7% to 38p on the back of the
update. The shares traded down aggressively first thing, slipping from 42p to 36.75p, before settling down
around the 38.5p area. We as a shop see the traces of oil and gas in shallower horizons and subsequently an
active petroleum system increasing the chance of a commercial success with this well.

well done dc on taking profits - nice one - wonder if there will be some more red here tomorrow?

Thanks gibby.

Blue today, on it's way back to 48+p.......

Ouch, will be buying back in, if no news soon.

purchased a few, at 32p.

'' Its a cracker''

A great buying opportunity, may fall below 30p tomorrow with no news. Finger on the buy button.

indeed sub 30p may be even today we'll see - 32p not bad sp either

Hi gibby, put my finger on the fall, have you sold 1% of your holding. :-))

India has started making approaches to get a piece of the Somalia Oil which is estimated to be in billions of barrels,


http://intelligencebriefs.com/?p=2180