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Red Emperor Res NL Ord NPV(DI) (RMP)

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16-Sep-2019 09:55 AM

Red Emperor Resources losses deepen after Alaska well disappoints

Red Emperor Resources posted a deeper annual loss, owing to a hefty exploration write off in Alaska. Pre-tax losses for the year through June amounted to A$10.3m, compared to loss of A$0.7m on-year, and included an A$8.4m exploration write off. The comp
04-Dec-2017 01:12 PM

Red Emperor to acquire leases in California

Red Emperor Resources confirmed that it has signed a binding Heads of Agreement (HoA) with an experienced Oil & Gas exploration firm to acquire a number of strategic leases in California. The Company said the leasing process has now commenced with the Jo
21-Sep-2017 09:50 AM

Red Emperor narrows loss

Red Emperor Resources made a net loss after tax of $758,918 in the year to 30 June, down from a loss of $9,034,572 the year before. In the Philippines, Red Emperor provided further information to the Department of Energy (DoE) in the hope of an approval
17-Aug-2015 07:26 AM

Red Emperor quits Hawkeye-1

Red Emperor Resources said the Hawkeye-1 exploration well was drilled to the planned total depth of 2,920m. While it proved the existence of hydrocarbons in SC55, these were at the lower end of expectations and not likely economic to develop. The well wil
16-Mar-2015 07:22 AM

Red Emperor widens H1 loss on exploration write-offs

Red Emperor has widened its H1 pretax loss to $15.3m, from a year-earlier loss of $0.3m. The result included $15.2m exploration expenditure written off. Story provided by
27-Nov-2014 01:57 PM

Red Emperor resolutions passed at AGM

Red Emperor Resources NL has confirmed that all resolutions proposed at its annual general meeting were duly passed. At 1:57pm: (LON:RMP) Red Emperor Resources share price was +0.01p at 2.08p Story provided by
13-Mar-2014 09:40 AM

Red Emperor's H1 pretax loss widens

Red Emperor's H1 pretax loss spiked to $0.31m, from $12,,969. Interest income was $0.22m, from $0.24m. At the Georgian Project, Red Emperor's JV partner, Range Resources, and Operator, Strait Oil & Gas UK, completed an extensive review of all g
18-Feb-2013 10:47 AM

Red Emperor, Strait and Range in Georgian coal project

Red Emperor Resources has announced that along with its joint venture partners, Strait Oil and Gas UK and Range Resources, it has executed a heads of agreement with the Georgian Industrial Group. It is for the joint development of the Coal Bed Methane pr
01-Oct-2012 08:48 AM

Strong cash position for Red Emperor Resources

During the financial year, the Company focused on its oil and gas exploration joint venture assets and completed its farm-in to the Puntland and Georgian Projects. In Puntland, Red Emperor holds a 20% working interest in two oil and gas exploration licen
27-Jul-2012 07:57 AM

Setbacks for two companies at well in Somalia

Range Resources and Red Emperor Resources have encountered some setbacks at their Shabeel North well currently being drilled in Puntland, Somalia, by the company's joint venture operator, Horn Petroleum. The testing of the upper Jesomma sand reservo
18-Jul-2012 04:28 PM

Red Emperor confirms oil shows at Somalia well

Red Emperor Resources has confirmed. that the Shabeel North well in Puntland, Somalia, has penetrated a 50-metre gross section of upper Jesomma sands with oil shows. The well - which is being drilled by Red Emperor's joint venture partner Horn Petr
22-Jun-2012 07:46 AM

Red Emporer insists Puntland drilling on track

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 s
17-May-2012 01:22 PM

Red Emperor plans to exercise Shabeel North option

Red Emperor Resources intends to exercise its option to participate in Shabeel North after issuing an update on the drilling programme in Puntland, Somalia. The update was provided by its joint venture partner and operator, Horn Petroleum Corp. The S
14-May-2012 08:07 AM

Red Emporer reports Puntland progress

Red Emperor Resources announces that the Shabeel-1 well currently being drilled in Puntland by the Joint Venture partner and operator, Horn Petroleum Corp is drilling ahead at a current depth of 3,425m (as at 13 May 2012). A gross section of 150m of oil
26-Apr-2012 08:58 AM

Red Emporer raises £6.24m

Red Emperor Resources has announced a placing,through Fox-Davies Capital Limited and Old Park Lane Capital, of 19,500,000 new ordinary shares at 32 pence per share to raise £6.24m before expenses. The funds raised under the Placing will be used for expl
18-Apr-2012 10:45 AM

Red Emperor says it will drill to planned depths

Red Emperor Resources has said it is aware of negative statements and commentary being circulated in respect of progress with the Shabeel-1 well currently being drilled in Puntland by a joint venture between the company, Horn Petroleum (the operator of th
16-Mar-2012 09:20 AM

Red Emporer positive for year despite losses

Red Emporer Resources reports a consolidated net loss for the half year ended 31 December 2011 to members of ($2,907,696) (2010: net loss of $892,063). During the period the operator of the Puntland onshore licenses, Horn Petroleum completed all of the s
07-Mar-2012 02:10 PM

Red Emperor JV partner encouraged by Somalia well

Red Emperor's joint venture partner is encouraged by hydrocarbon shows at the Shabeel-1 well on the Dharoor block in Puntland, Somalia. But Horn Petroleum says there is still a great deal of information which must be collected before it is able to e
12-Dec-2011 11:15 AM

Red Emperor to begin drilling in Georgia

Red Emperor Resources says that following a further internal and independent review of the seismic data for the Kursebi area, the company and its partners in Georgia have confirmed that work is due to begin on the preparation of the well site and surround
09-Dec-2011 12:50 PM

Range Resources exceed production targets in Trinidad

Range Resources has obtained the necessary Trinidadian authority approvals and has successfully completed the drilling of its first rig in the Lower Forest Sands. Following the drilling of the well to target depth, casing was set to 975 ft and the well
28-Nov-2011 08:12 AM

Red Emporer says Mukhaini-1 well will be suspended

Red Emperor and its partners have decided that, based on the exploration schedule and availability of the drilling rig, the Mukhaini-1 well will be suspended and the rig moved to the next proposed well site. In Puntland, Horn Petroleum Corp is currently
04-Nov-2011 12:53 PM

Losses more than double at Red Emperor Resources

Losses at Red Emperor Resources more than doubled in the financial year ending June 30 2011. The loss after income tax was £2.77m, compared to £1.2m the previous year. The company is not paying a dividend. The company successfully raised $1m in July an
28-Oct-2011 10:57 AM

Red Emperor Resources report unsuccessful flow test in Georgia

Oil explorer Red Emperor Resources NL (LON:RMP) has announced an unsuccesful flow test on the Mukhiani well in Georgia on which it was partnered with Range Resources (LON:RRL). The first test (open hole flow test) at 720m - 768m did not flow as of this
26-Oct-2011 08:10 AM

Red Emporer highlights start of drilling at Mukhiani-1 Well

Red Emperor latest quarterly report picks out key highlights as being the commencement of drilling at the Georgian Mukhiani-1 Well and the fact that the Puntland Joint Venture Partner & operator signed a drilling contract and third party services contract
10-Oct-2011 08:37 AM

Red Emporer update on Georgian drilling

Red Emperor Resources along with its joint venture partners advises that the Mukhiani Well has been drilled to the intermediate depth of 1544 meters with a proposed total depth of 3500 meters. Drilling operations are continuing after a short interruption
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