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.

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

lol dc - 1% was the maximum the market would allow me to sell as they did not want to cause mass panic if i sold more because of the massive volume of shares that would become available at one go if i did!!!!! LOL seriously i sold some now looking for sub 30p not sure i'll get it though

Injuns - good stuff more the merrier!!

btw you may want to take a look at glr if you havent already

I bet it was, I was going to say 0.5% lol, Good for you. Going to wait till tomorrow for the possible sub 30p or if news will miss it.

Thanks for post 614. I will have to go out busking first.lol

The drill now has over run the 90 days drilling/testing and looks like pis are getting nervous ?

May well be another red day tomorrow

what a punt!

Will see what tomorrow brings.
Does bode well with the hard pull back and large after hours buys news poss tomorrow?

Has this been dropped for a cash call? ll's to get cheap shares as pis start to have doubts and sell.
PI's not wanted, they serve a purpose, and that is to dump over priced shares onto them, then in time the institutions get those shares back much cheaper.

Cash call is the rumour.

Thats what im thinking mitzy, its been crashed down. Watch this space for imminent news.