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.

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/

RMP up 6% and Range in the red.

Investors taking a position today, just waiting on the first update from Horn on this second Puntland drill. Should then get back to 30p fast.

Horn up 5.15%

Red Emporer insists Puntland drilling on track
StockMarketWire.com
Red Emperor Resources announces that the Shabeel North well currently being drilled in Puntland by Joint Venture partner and operator, Horn Petroleum, is at a current depth of 984m targeting a total depth of 2,400m.

Drilling operations have progressed smoothly since spudding and remain on track to reach target depth on time and on budget.

The Shabeel North well is targeting Upper Cretaceous Jesomma sands, which had good oil and gas shows in the Shabeel-1 well 3.5 kilometers 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 meters with an average porosity of 18 to 20%. Upon completion and testing of the Shabeel North well, the rig will move back to Shabeel-1 to flow test the identified Jesomma sands.



Story provided by StockMarketWire.com

With over A$17m in the bank and most of the company’s share of drilling costs for Shabeel North paid in
advance, RMP is in a strong position. The company is funded to participate in further opportunities as they
arise, whether in Puntland or beyond and we believe the comparative de-risking of the business has given us
sound reason to align our risk parameters with Range Resources. Consequently, we are increasing our target
price from 66p to 100p per share (fully diluted).

http://oilbarrel.com/media/pub/var/release_downloadable_file/38703.pdf?__utma=159696636.1996935394.1332487028.1335543774.1340724962.4&__utmb=159696636.1.10.1340724962&__utmc=159696636&__utmx=-&__utmz=159696636.1340724962.4.4.utmcsr=lse.co.uk

Investors picking RMP over RRL, good rise so far today.

Investors taking a position now.

Great news - notice of substantial share holder thirteen and a quarter million shares.

http://www.asx.com.au/asxpdf/20120628/pdf/4272ts1jfkxlzc.pdf

Beginning to think the operators know a little more about Puntland then we are being told.

JP Morgan now has 5.15% of the issued share capital

FoxDavies Views from the Trading Floor - Red Emperor Resources, Aminex and Solo Oil
Thursday, June 28, 2012
Red Emperor Resources (LON:RMP) continued its push higher again today, adding another 5.15% to 22.375p during afternoon trading as the market continued to cheer JP Morgan Chase & Co. taking a 5.15% holding in the company. We (Fox Davies) currently have a BUY recommendation on the stock with a 65p price target.





Read more: http://www.oilvoice.com/n/FoxDavies_Views_from_the_Trading_Floor_Red_Emperor_Resources_Aminex_and_Solo_Oil/6a17c40e4e1e.aspx#ixzz1z6aDJkQo

http://www.oilvoice.com/n/FoxDavies_Views_from_the_Trading_Floor_Red_Emperor_Resources_Aminex_and_Solo_Oil/6a17c40e4e1e.aspx

Now we know the large buy order has been met, should now be onwards and up. Good strong finish to the day.
Two very large buys after hours.

Horn up 2.38%

Being held back. Very large buys in the back ground. Going to move fast.

Update due any day now.

Dreamcatcher, what do you mean being held back?

Look at the buying today and the sp has not moved . Correction it has, down.
I would not think there are many shorters with news anytime soon.

Are you in here chuckles?