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.

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.

If only it was true .lol

http://investing.thisismoney.co.uk/quote/RMPThe daily mail has red emperor up 242% on a chart to the right of the man article.



http://www.dailymail.co.uk/money/markets/article-2153481/MARKET-REPORT-Man-Group-brink-losing-position-Footsie-index.html

HORN PETROLEUM SPUDS SHABEEL NORTH WELL
IN PUNTLAND, SOMALIA

Vancouver, British Columbia, June 5, 2012 – Horn Petroleum Corporation (“Horn Petroleum” or the “Corporation”) is pleased to announce the commencement of drilling operations on the Shabeel North well in Puntland, Somalia, the second well in the current drilling campaign.

The Shabeel North well is targeting Upper Cretaceous Jesomma sands which had good oil and gas shows in the Shabeel well 3.5 kilometers to the south. Petrophysical analysis of downhole electrical logs in the Shabeel well indicated a potential pay zone in the Jesomma of up to 12 to 20 meters with an average porosity of 18 to 20%. It is planned to bring the rig back to the Shabeel location to test these sands to confirm their ability to flow oil once the drilling of the Shabeel North well is completed. The planned TD of the Shabeel North well is 2400 meters and drilling is expected to take 45 to 60 days to complete.

Horn Petroleum President and CEO David Grellman stated, “The Shabeel North well will test the same reservoirs that appear to be oil bearing in the nearby Shabeel well. We would expect similar or better reservoir thickness and quality as we move deeper into the basin. The results of this well should help us confirm the extent of the petroleum system in the basin and, if successful, would be another step towards proving the economic potential of the basin.”

The well is being operated by Horn Petroleum which holds a 60% working interest in the Dharoor and Nugaal Valley Production Sharing Agreements (“PSA’s”) along with working interest partners Range Resources (20%) and Red Emperor (20%). Africa Oil Corp. holds an equity interest in Horn Petroleum of approximately 51%.

Horn Petroleum Corporation is a Canadian oil and gas company with assets in Puntland, Somalia. The Corporation holds a 60% interest and operatorship in the Dharoor and Nugaal blocks encompassing a Jurassic Rift Basin on trend and analogous to the large oil fields in Yemen. The Corporation’s shares are listed on the TSX Venture Exchange under the symbol “HRN”.

ON BEHALF OF THE BOARD

“David Grellman”
President and CEO

Red hot penny shares has tipped RMP buy up to 27p

Time to buy ..?

Red Emperor & Range Resources (RMP LN, 18p, ▲ 1.4%; RRL LN, 6.2p, ▼ 2.1%) - Second of the now Three Leg Programme: Shabeel North-1 was initially planned to be the second and final leg of the current programme; however, with the discovery it is now the second leg of three, which will conclude with the testing of at least one well - Shabeel-1. While there is a long way to go before commerciality is declared, the first step towards it has been achieved. Ahead of this news, we are reiterating our BUY recommendation on both stock and target prices of 65p (RMP) and 27p (RRL).



Read more: http://www.oilvoice.com/n/FoxDavies_Daily_Monitor_Essar_Energy_San_Leon_and_Red_Emperor/637d22304970.aspx#ixzz1x1z70fRj

Red Emperor Resources (LON:RMP) and Range Resources (LON:RRL) pushed 8% and 6% higher to 20.75p and 9.2p respectively. Both stocks have been getting attention over the last few days after saying that drilling operations on the Shabeel North well in Puntland, Somalia have commenced, adding that the planned target depth of the well is 2,400 metres and drilling is expected to take 45 to 60 days to complete. The well, the second in the current drilling campaign, is being operated by Joint Venture partner, Horn Petroleum Corp (HRN). Red Emperor holds a 20% working interest in the Dharoor and Nugaal Valley Production Sharing Agreements along with Horn and Range Resources. The Shabeel North well is targeting Upper Cretaceous Jesomma sands, which had good oil and gas shows in the Shabeel-1 well 3.5 kilometres to the south. Petrophysical analysis of downhole electrical logs in the Shabeel-1 well indicated a potential pay zone in the Jesomma of up to 12 to 20 metres with an average porosity of 18 to 20%. It is planned to bring the rig back to the Shabeel-1 location to test these sands to confirm their ability to flow oil once the drilling of the Shabeel North well is completed. Range Resources have also given the market an update that showed a significant increase in Proved [P1] and Probable [P2] reserves for the North Chapman Ranch Project, in which Range holds a 20-25% interest. Range's net attributable interest in proved reserves increased 54%-57%; Range's net attributable interest in probable reserves increased 16%-20%.



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

http://www.miningmaven.com/k2/companies/red-emperor-resources/red-emperor-resources-qa-with-md-greg-bandy/