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.

not the sort of drop you like to come home to, ah well back to the drawing board, glad i sold rrl.,.

Lets hope this has been over sold and the next one comes in.

dreamcatcher

My apologies I was only replying to RF these oilers are pigs sometimes I have had similar percentage looses on stocks, but 41% is a bit much in one day.

Understood driver, thats fine :-))

While we are doing tales of woe. I saw the RNS, my daughter turned up with my 8 month old grandson for lunch. Three hours later I looked again and the rest is history.

Not funny an expensive 3hrs, you may not have been able to sell anyway with a queue.

Red Emperor (RMP LN) (18p) BUY
Update Price target: 65p
Oil & Gas 17 May 2012
Well Test the Next Step
The confirmation that the 12 – 20m of net pay will be flow tested is a positive
step on the road to declaring Shabeel commercial. Not only does this suggest
that the region is a hydrocarbon province, but it also says that the accumulation
is in excess of 100mm bbl. We are maintaining our 65p target and BUY
recommendation.
• You Only Appraise a Discovery – This Good News is Buried: Announcing that you
are going to test a formation usually follows the declaration of a discovery – nowhere in
these series of announcements has the word “discovery” been mentioned. The
disclosure that the participants will test the Jesomma sands (Upper Cretaceous), and
what this means to the owners of Shabeel’s participant companies, should have been
made clearer. By peppering the text with anodyne “tech-speak,” this announcement
has not only failed to adequately draw attention to the positive steps, i.e. that a
potentially commercial discovery has been made, but it has been so opaque that it
leaves readers with the feeling that the main focus of the announcement is the lack of
interest in the deeper Jurassic horizons.
• This is Not the End of the Appraisal Process: There is currently insufficient data on
Shabeel’s Upper Cretaceous Jesomma sands, and more work is required before
anybody can opine on the asset’s commerciality. Irrespective of the announcement’s
opacity, given the amount of work required to precipitate the decision to undertake a
well test, especially in such a remote location, it indicates that the operator has
observed a significant body of evidence to suggest that the potential reward that could
flow from mobilising equipment to site is worth the effort.
• Will it be big enough to cross the 100mm bbl Threshold?: There has been much
speculation as to what size of field would be commercial as a standalone development,
with the general consensus indicating that it is approximately 100mm bbl. Given that
the predrill estimates were for 300mm bbl of recoverable from Shabeel and Shabeel
North, the fact that we have 12 – 20m of net pay indicates that the Company is still on
track to achieve this; we estimate that Shabeel could contain up to 100mm bbl.
• Well Test Boosts Regional Prospectivity: While this news has understandably not
been well received by the market, the well test raises the prospectivity of the region,
especially as one of the key risks has been whether there are any hydrocarbons. While
the Company waits for the testing equipment to arrive in Puntland, the rig will be
mobilised to the Shabeel North drill location, where the Company’s participation will
give it a 20% interest in the Dharoor and Nugaal blocks.
• Red Emperor is sufficiently funded for its medium-term goals: Following the recent
capital raising, we estimate that the Company is now sufficiently well-funded to meet its
near to medium term obligations, which are comprised of wells in Puntland and
Georgia; the Company’s revised Georgian programme offers the investor an interesting
offset to the exploration risk elsewhere in its portfolio.
• Reiterate BUY and 65p Target Price: While the news that the deeper horizons were
not considered a suitable candidate for further appraisal is disappointing, the decision
to take the next step towards testing the Upper Cretaceous is positive, not only for
Shabeel, but also the region as a whole.
This is a marketing communication. It has not been prepared






http://www.fox-davies.com/media/31209/rmplnflashnote170512.pdf

Down 16.1% on the ASX

http://www.moneyam.com/action/news/showArticle?id=4372767

Monday, May 21, 2012
Red Emperor Resources (LON:RMP) jumped as much as 20% to 18.96p during early trading before settling down around the 15p level after the company said that it has, today, exercised its option to participate in the drilling of the Shabeel North well, schedule to be spud in the first week of June. As a result of this decision to participate, Red Emperor maintains its 20% Participating Interest in each of the Dharoor Valley and Nugaal Valley PSAs. The rig is currently moving to the Shabeel North location, 3.5km north of Shabeel-1. The primary objective of this well will be to evaluate the Upper Cretaceous Jesomma Sands that have been oil-bearing at the Shabeel-1 location. Greg Bandy, Managing Director of Red Emperor, commented, "We are delighted to announce that we are participating in the second Puntland exploration well and as a result maintaining our 20% interest in this historical Joint Venture. We were very encouraged by the results of the Shabeel-1 well that have confirmed oil-bearing sands in two zones. This discovery has very positive implications for the prospectivity of the basin. We look forward to the results of the Shabeel North well and to testing the Jesomma sands to confirm the potential of the block." We (Fox Davies) as a shop have a BUY recommendation with a 65p price target



Read more: http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Red_Emperor_Resources_Matra_Petroleum_and_Gulf_Keystone/197f1a4f34e2.aspx#ixzz1vWENzjD0



http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Red_Emperor_Resources_Matra_Petroleum_and_Gulf_Keystone/197f1a4f34e2.aspx

BB : you don't agree with my picks for huge up side ?...FOGL, MXP and FPM ?....come back in 6 months and we shall see.....I'll remind you then.....

Change of Director's Interest Notice
PRNW



Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX's property and may
be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Red Emperor Resources NL
ABN 99 124 734 961

We (the entity) give ASX the following information under listing rule 3.19A.2
and as agent for the director for the purposes of section 205G of the
Corporations Act.

Name of Director Greg Bandy
Date of last notice 28 July 2011

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of
the definition of "notifiable interest of a director" should be disclosed in
this part.

Direct or indirect interest Indirect

Nature of indirect interest Mr Gregory John Bandy & Mrs Jennifer
Therese Bandy - beneficial holder

Note: Provide details of the
circumstances giving rise to the
relevant interest.

Date of change 22 May 2012

No. of securities held prior to change 3,000,000 options ($0.30; 30 June
2012)

Class Ordinary Shares

Number acquired 400,000

Number disposed Nil

Value/Consideration $91,765.95

Note: If consideration is non-cash,
provide details and estimated valuation

No. of securities held after change 3,000,000 options ($0.30; 30 June
2012)

Mr Gregory John Bandy & Mrs Jennifer
Therese Bandy

400,000 fully paid ordinary shares

Nature of change On-market trade

Example: on-market trade, off-market
trade, exercise of options, issue of
securities under dividend reinvestment
plan, participation in buy-back

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of
the definition of "notifiable interest of a director" should be disclosed in
this part.

Detail of contract N/A

Nature of interest N/A

Name of registered holder N/A

(if issued securities)

Date of change N/A

No. and class of securities to N/A
which interest related prior
to change

Note: Details are only
required for a contract in
relation to which the interest
has changed

Interest acquired N/A

Interest disposed N/A

Value/Consideration N/A

Note: If consideration is
non-cash, provide details and
an estimated valuation

Interest after change N/A

Part 3 - +Closed period

Were the interests in the securities or contracts No
detailed above traded during a +closed period
where prior written clearance was required?

If so, was prior written clearance provided to N/A
allow the trade to proceed during this period?

If prior written clearance was provided, on what N/A
date was this provided?

FoxDavies views from the trading floor - Red Emperor Resources, Heritage Oil & Gold Oil
Tuesday, May 22, 2012
Red Emperor Resources (LON:RMP) jumped 17% to 18p during afternoon trading after Greg Bandy announced he had bought 400,000 shares, putting his faith in the recent update from the company on drilling in Puntland, Somalia saying the well had encountered 12 - 20m zone of significant hydrocarbon pay in the Upper Cretaceous Jesomma Formation and Red Emperor believes this zone will be flow tested. Even after the bounce in the share price today, Red Emperor are still down over 40% since the Puntland update on the 17th of May



Read more: http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Red_Emperor_Resources_Heritage_Oil_Gold_Oil/46fae4a9519a.aspx#ixzz1vc2Vcte5


http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Red_Emperor_Resources_Heritage_Oil_Gold_Oil/46fae4a9519a.aspx

Up 22.20% on the ASX

Red Emperor Resources (LON:RMP) is having a good morning as shares jump up by 15%. The company is currently trading at 18.94 pence.



Read more: http://www.oilvoice.com/n/OilVoice_Morning_Movers_Gulf_Keystone_Petroleum_Red_Emperor_Resources_and_Cape/3b4a1514b2a5.aspx#ixzz1vtZGtt3I

http://www.oilvoice.com/n/OilVoice_Morning_Movers_Gulf_Keystone_Petroleum_Red_Emperor_Resources_and_Cape/3b4a1514b2a5.aspx

Up 4.5% on the ASX

Seem to be good buying this morning pre the next Puntland drill. News due.

On the money am site - we must of hit oil lol up 242.65%

58.25

+41.25 (+242.65%)

Something wrong me thinks

Looks like a cup and a snooker cue.