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Red Emperor Share Chat (RMP)



Share Price: 2.45Bid: 2.20Ask: 2.70Change: 0.00 (0.00%)No Movement on Red Emperor
Spread: 0.50Spread as %: 22.73%Open: 2.45High: 2.45Low: 2.45Yesterday’s Close: 2.45


Share Discussion for Red Emperor (RMP)


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jeffry
Posts: 572
Off Topic
Opinion:Strong Buy
Price:2.76
Georgia confirmed
26 Sep '14
well, per discussion in Worldstock today due to leak in the RNS issued today. appaarently RRL will get 30m and RMP could be the same or slightly less. anyway, the payment could be with us as soon as tomorrow/next week

follow the discussion here:
http://www.worldstocks.co.uk/forum/viewtopic.php?f=3&t=11515&start=50#p99078
 
oilriches
Posts: 4,339
Off Topic
Opinion:No Opinion
Price:2.76
stew
25 Sep '14
£5.5 million. plus investment in another company.
stew200
Posts: 1,321
Off Topic
Opinion:Strong Buy
Price:2.76
Cash levels
25 Sep '14
What are the current cash levels here now. Certainly looking good on level 2 all day!
SirBob
Posts: 1,187
Observation
Opinion:No Opinion
Price:2.75
Guru
25 Sep '14
I think he means uk gas or oil prospect, not within UKOG.....but with all that Greg may just decide to just squeeze in a few more games of golf.....and none comes true.
guru121
Posts: 3,530
Observation
Opinion:No Opinion
Price:2.75
View Thread (2)
RE: timeline
25 Sep '14
RMP acquire a new deal/asset within UK oil and gas

is Rmp buying a stake in Horse Hill?
jeffry
Posts: 572
Research
Opinion:Strong Buy
Price:2.70
View Thread (2)
timeline
25 Sep '14
copied from ws

RMP

potential news next month:
- Georgia sale completed
- RMP acquire a new deal/asset within UK oil and gas
- Somalia approved and recognised licence in Puntland
- Farm in Partner (could be BP) for Puntland, reducing RMP stake to 10%, getting more cash and free carry
- Dharor seismic
- Nugaal spudding

now trading at cash and market cap below 10m!
Jarv55
Posts: 1,271
Off Topic
Opinion:No Opinion
Price:2.63
Rmp
25 Sep '14
jeffry
Posts: 572
Off Topic
Opinion:No Opinion
Price:2.63
View Thread (2)
RE: jeff
25 Sep '14
drilling may not happen immediately, but farm in could, and will generate cash to RMP as it seems RMP may reduce the stake from 20% to 10%
oilriches
Posts: 4,339
Off Topic
Opinion:No Opinion
Price:2.63
View Thread (2)
jeff
25 Sep '14
Would be great news but this is not going to happen anytime soon.
jeffry
Posts: 572
Research
Opinion:Strong Buy
Price:2.63
puntland updates- about to move...
25 Sep '14
see here: http://www.worldstocks.co.uk/forum/viewtopic.php?f=3&t=11495

seems some development and we may hear from it very soon. as soon as next month /week!!

HRN indicated that they have identified nugaal area drill ready for spudding (most likely on the side of Puntland instead of somaliland) and also ready to proceed with seismic in dharor BUT will not proceed until Federal Somalia recognises HRN licence in puntland. Keith has good relationship with both Somalia and Puntland and potentially HRN already found potential farm in partner for a stake in Puntland which will pay its cost of operation in Puntland. As mentioned by Greg B in meeting recently:

"Potential farm in partners have expressed a need to have this agreement [agreement between SFG and Puntland.] in place before any commitment"

Aug 2014:
HRN had a meeting with Puntland and Somalia in ethiopia
http://www.garoweonline.com/page/show/post/193/puntland-leader-in-talks-with-somalia-pm-in-ethiopia

Aug/Sep 2014:
verbal confirmation by Federal Somalia as per G.Bandy "There has been a verbal agreement from SFG ministers in Abu Dhabi that PSA signed by JV will be allowed but Africa Oil could not get written confirmation."

4 Sep 2014:
Federal Somalia attacking DNO (as they have overlapping licence with HRN in Nugaal signed with somaliland) and threaten to lodge a complaint to UN:
http://www.garoweonline.com/page/show/post/286/somalia-accuses-norwegian-oil-explorer-dno-of-destabilising-country

22 Sep 2014:
Federal Somalia declared intention to re-opening talk with Puntland, hopefully to a step closer in resolving issues

http://www.garoweonline.com/page/show/post/411/somalia-federal-govt-seeking-to-open-talks-with-puntland

24 Sep 2014:
Puntland leader meeting with clan leader of Sool and Sanaag (ie Nugaal area). see the bottom of the article below:
http://www.garoweonline.com/page/show/post/431/somalia-puntland-leader-fires-deputy-minister-for-criticism

THIS WEEK/NEXT WEEK:
Federal somalia will meet with puntland to resolve issues:
http://www.garoweonline.com/page/show/post/411/somalia-federal-govt-seeking-to-open-talks-with-puntland

20th October
I believe Federal Somalia aiming to resolve issues with Puntland and recognises all oil agreement signed by Puntland, namely OUR DHAROR and NUGAAL. And perhaps offshore nugaal as well by mid October 2014.

This is because they will have somalia oil conference in London 20th Oct and as such, they wont have any success during the conference if they cant even agree with their own regional govn, namely puntland.
http://www.somalia-oil-gas.com/

===================

SO, as first step, we probably will hear news on our licence is recognised by federal somalia. This will then trigger HRN farming out to an international partner.

this will then followed by dharor seismic and potentially nugaal drilling (i know, a long shot on nugaal) should clan leader of Sool sided on puntland (henc



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