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.

All eyes now on Horn, to see if there is a large rise on opening.

I reckon that they have now reached what we hope is the main reservoir...

How to get HORN here ?...or can't you ?...roles reversed on RRL....loads of reds....

Exchange not open yet

Perhaps they are jumping from rrl to here for the rise.

Thanks...

This may be better - As it does not have all my details with it. :-))

http://www.digitallook.com/companyresearch/2509233/Horn_Petroleum_Corp/share_prices.html

It will be good to see this near 40p pre TD results.

Made a profit today and put it in here, cannot see this going sub 30p

Up 2% on the ASX

Down 6.7% on the ASX

shouldn't have stop losses on RMP, large tree shake then. This will be dropped hard pre news. Im sitting tight.

http://www.moneyam.com/action/news/showArticle?id=4365077

May go blue today

What a turn around, not many oil shares performing like this today.

The MMs knew what news was coming I bet!

Lets hope its good. Good to have a Puntland update in the next day or so.

http://fox-davies.com/emails/views-from-the-trading-floor.aspx


Red Emperor Resources (LON:RMP) and Range Resources (LON:RRL) slipped 8.5% and 5% respectively after both companies said they have revised their exploration strategy in Georgia to focus on coal bed methane gas that could generate revenue within 18 months of drilling. The two oil companies, dual-listed in Australia and England, said they will focus on low-cost, shallow appraisal drilling around the Tkibuli-Shaori coal bed methane field. The Tkibuli field has been estimated to contain around 0.4 trillion cubic feet of coal-bed methane gas. By prioritizing exploration around the productive coal seams, the companies have the opportunity to make early discoveries, add proven reserves and look to provide revenue potential from the Tkibuli coal bed methane field within 18 months from the start of drilling. The partners have also executed a conditional agreement with the Georgian Industrial Group regarding the joint development of the project and providing a commercial offtake for 100% of the gas produced. Georgia remains almost entirely dependent on imports of foreign natural gas and gas production from Tkibuli, and therefore, could immediately be fed into the local energy market. Range holds a 40% stake in Blocks 6a and 6b, where the Tkibuli field is located, Red Emperor has a 20% stake and Strait Oil holds the remainder. The next snippet of news from both companies should be another update from drilling at the joint asset in Puntland Somalia.

Would be nice to have some success.......nothing but red on my porfolio.....booooo...(:(((