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.

- 48.3% on ASX

Just waiting for the P&A RNS

A duster is well priced in now.

up 22%

Puntland Drilling Update
PRNW


27 July 2012

Red Emperor Resources NL

("Red Emperor" or the "Company")

Deepening Shabeel North Well Update

Red Emperor Resources NL (ASX: RMP | AIM: RMP) provides the following update on
the Shabeel North well in Puntland, Somalia which is being drilled by operator
Horn Petroleum Corp. ("Horn").

Further to the recent announcement on the testing of the upper Jesomma sand
reservoir which yielded fresh water, the well continued drilling through the
entire Jesomma reservoir section and has reached a depth of 2,200 meters. The
section contained several additional sands with oil and gas shows and a full
set of electrical logs was run to determine if these sands contained potential
oil zones which would warrant further testing. The analysis of these logs
indicate that the most prospective looking zone in the well was the upper
Jesomma sand interval that had already been confirmed by testing to contain
fresh water and thus no further testing could be justified.

Based on the positive evidence of oil shows and the presence of good quality
reservoir in the Jesomma, the partnership has decided to deepen the well in
order to evaluate the potential of the Lower Cretaceous and Jurassic sections.
The current revised total depth will be approximately 3,400 meters and is
expected to take an additional 15 to 20 days to reach that depth. The Jurassic
section in the nearby Shabeel well had thin reservoir sands with oil and gas
shows, but this section was determined to be not thick enough to warrant
testing. These sands are expected to thicken basinward towards Shabeel North.
There was also evidence that there may have been faulting in the well which
could have cut out a significant portion of the basal reservoir section, which
is not expected in Shabeel North.

Horn President and CEO David Grellman stated "While we are obviously
disappointed that the Jesomma sands tested wet, the overall results of the two
wells drilled during this campaign are quite encouraging in the long term
prospects for oil potential of the basin. We have confirmed a working petroleum
system, good quality reservoirs and thick impermeable sealing rocks. The two
Jesomma structures drilled to date appear, subject to final petrophyical
analysis, to have issues with the integrity of the trapping mechanism. We are
still hopeful that the lower zones in the Shabeel North well may have favorable
trapping geometries against the deeper thick carbonate and anhydrite sections
seen in the original Shabeel well."

For further information please visit www.redemperorresources.com or contact

Quarterly Activity Report

http://www.moneyam.com/action/news/showArticle?id=4418342

Up 11.1% on the ASX

up 25% news due?

Lets hope Horn comes on strong.

rmp +30%

YERHAAAAAAAAAAAAAAAAAAAAAAAA

Buying at 10p

Trades slowed

A lot of selling into the rise

Could be a placing announcement for RMP to fund Nugaal. ?

Suspension on ASX extended to Monday 27th or earlier news from Puntland.

Playing for time, tend to think now if a duster would it of been announced already.
May be good news, who knows.

I agree it would have, probably.

August 27, 2012
Horn Petroleum Provides an Update on Puntland Drilling

--------------------------------------------------------------------------------

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2012) - Horn Petroleum Corporation ("Horn" or the "Company") (TSX VENTURE:HRN) is pleased to provide an update on the drilling program ongoing in Puntland (Somalia).

The Shabeel North-1 well has reached a total depth of 3945 meters and has encountered metamorphic basement at a depth of 3919 meters. The well penetrated 149 meters of interbedded sands and shales of the Triassic Adigrat Formation with no oil or gas shows and only minor porosity exhibited on electric logs. Accordingly, the well is being plugged. As noted in a previous Puntland drilling update, the Upper Cretaceous Jesomma sands did exhibit porosity and hydrocarbon shows but produced only fresh water on a drill stem test. These sands are similar to the Jesomma sands encountered in the previously drilled Shabeel well in respect of log response and oil and gas shows. It has therefore been determined that additional testing of these zones in the previously drilled Shabeel well is also not warranted.

Based on the encouragement provided by the Shabeel wells, the Company and its partners, Range Resources and Red Emperor, plan to enter the next exploration period in both the Nugaal and Dharoor Valley Production Sharing Contracts ("PSC's) which carry a commitment to drill one well in each block within an additional 3 year term. The current operational plan would be to contract a seismic crew to acquire additional data in the Dharoor Valley block and to hold discussions with the Puntland Government to gain access regarding drill ready prospects in the Nugaal Valley block. The focus of the Dharoor seismic program will to delineate new structural prospects for the upcoming drilling campaign.

Keith Hill, Chairman of Horn, commented, "While we were disappointed that we were not able to flow oil from the first two exploration wells in our Puntland (Somalia) drilling campaign, we remain highly encouraged that all of the critical elements exist for oil accumulations, namely a working petroleum system, good quality reservoirs and thick seal rocks. We look forward to working with the Puntland government to move our exploration project to the next phase which will likely require us to focus on prospects in different areas of the basins. One should keep in perspective that it often takes a number of wells to find commercial hydrocarbons and we plan to continue our aggressive program to unlock the potential of this highly prospective region."

Horn holds a 60% working interest in the Dharoor and Nugaal Valley blocks and is the operator. The other partners in the blocks are Range Resources (20%) and Red Emperor (20%). Africa Oil Corporation holds an approximate 45% equity interest in Horn.

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

Puntland update from rmp

http://www.asx.com.au/asxpdf/20120827/pdf/42891txqc8xjc5.pdf