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.

Lol shareCruiser. Perhaps it should be pi's or just plain public investors. lol Thanks again.

Would have thought most of the ll's selling would have taken place over the last few trading days, to get the highest price. Bit of a drop this morning, perhaps just nervous public investors. Should soon pick up.

Being held in a very tight trading band. Gets to 33.20 odd, then pulled back down.
ll's orders could be being filled.

lol dc - maybe pis is better here today!!! :-)))

i wasnt sure which way rmp would go today if anything - i thought marginally more likely a blue day - but not that surprised - the just under 8% share volume placing is ok and necessary - not sure the news has sank in everywhere yet hence no real movement

have to postpone my next kerrrrrrrrrrrrrrchinnnnnnnnnnnnnnngggggggggggggg here a day or two!!!

http://uk.finance.yahoo.com/q?s=HRN.V

Horn up over 3%, agree gibby.

Just wonder if we are due some horny sorry horn news :-)) must be close now to an update.

FoxDavies views from the trading floor - Red Emperor Resources, Range Resources and Borders & Southern
Thursday, April 26, 2012
Red Emperor Resources (LON:RMP) slipped 3% to 34p after the company said that it is placing, 19.5 million new ordinary shares at 32 pence per share to raise GBP6.24 million before expenses. The funds raised under the placing will be used for exploration activities at the company's high impact exploration projects in Puntland and in the Republic of Georgia. We (Fox Davies) as a shop were also announced as joint broker to the company. We currently have a BUY recommendation on the stock, with a 65p price target. Copies of the note are available on the web site.

yep could be some horn news soon dc - interesting day here tomorrow perhaps

keep that rrr away from this, this ones doing well. lol

Going for a '' fruit juice'' now :-))

dc - enjoy the 'fruit juice' lol!! be rude not to!!!!

dont understand what you mean ref rrr - LOL
btw on a serious note i have had a couple of top ups this morning as i think news is imminent and this going to fly soon - no ramp just based on what we know already and of course some rumours which are from good sources doing the rounds

I WOULD NOT WANT TO BE OUTTA RMP THIS WEEKEND!!! seriously i wouldnt!!

interesting resistance moved from earlier this morning 35p to 40p

horn open 194

Just got in, looks good gibby.

Will not climb through 33.63 same as yesterday.

Im tending to watch the horn sp on how the drill is going. rrl and rmp sp at the moment are giving nothing away. Thought we may of had an ops update today, could come later.

good strategy ref horn

rmp seems a bit strange if thats the right word today gibby.