The Board of Red Emperor have been particularly active over the past quarter and during the period made an offer to acquire a US based exploration company with assets in the United States. Discussions were very well advanced and while they did not result in a transaction, both parties continue to engage with each other. Red Emperor are currently in separate negotiations with a potential strategic partner regarding both financing and asset participation. The focus of these discussions has been on opportunities in the USA and the Company will be represented at the NAPE Conference in Houston next month, where it hopes to further these discussions with the aim of completing a transaction in the near term. The Board is mindful of the patience shown by its shareholders, both in the UK and Australia, and thanks them for their support.
All this is getting rather tedious must of been 2 years now since the philipines drill, in that time nothing has happened in this climate of cheaper assets, Rmp should always be looking for new assets to expand the company even during activity, to put it bluntly the bod have no idea what they are doing..ive decided to stop coming on here daily as its to depressing and come back in a few months
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.