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Red Emperor Share Chat (RMP)



Share Price: 1.03Bid: 1.03Ask: 1.19Change: 0.00 (0.00%)No Movement on Red Emperor
Spread: 0.16Spread as %: 15.53%Open: 1.06High: 1.06Low: 1.03Yesterday’s Close: 1.03


Share Discussion for Red Emperor


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cookiecrew
Posts: 11,403
Off Topic
Opinion:No Opinion
Price:1.065
RE: RNS
17 Jun '16
Good news at least they can move forward with the project now
 
Islandgirl
Posts: 1,393
Off Topic
Opinion:No Opinion
Price:1.065
RE: RMP Philippine interest set to ..
17 Jun '16
Nothing news as per
bynari
Posts: 2,403
Observation
Opinion:No Opinion
Price:1.065
View Thread (3)
RMP Philippine interest set to rise
17 Jun '16
By E-Lodgement SC 55 – MORATORIUM GRANTED 17th June 2016

Red Emperor Resources NL (ASX | AIM: RMP) is pleased to provide the following update with respect to Service Contract 55 (SC 55), offshore Palawan Basin in the Philippines. Red Emperor has been advised that the Joint Venture (JV) has formally received approval from the Philippines Department of Energy for a two-year moratorium, until 23 December 2017, on required work activity under Service Contract 55. During the moratorium period, the consortium will conduct specialised geophysical studies in the area surrounding the Hawkeye Prospect which encountered gas shows when it was drilled last year. Although the Hawkeye well did not encounter gas in commercial quantities, it proved the presence of an active petroleum system in the contract area which hosts the “Cinco Prospect” as well as several other leads. As announced previously, Otto Energy Limited (ASX: OEL) has advised the JV of its intention to exit the Block SC 55 as part of its strategy to focus on its North American assets. Red Emperor intends to have its full, proportionate interest be assigned and as a result its working interest will increase from 15% to 37.5%. In conjunction with Red Emperor’s commitment to SC 55, the Board continues to review and evaluate new opportunities it believes could compliment the current assets in the portfolio. The Company looks forward to providing the market with more information on these potential opportunities as they develop.

For and on behalf of the Board.

Greg Bandy.

http://hotcopper.com.au/asx/rmp/
thai
Posts: 327
Observation
Opinion:No Opinion
Price:1.115
Oilriches
15 Jun '16
The sooner we get a new board the better as the bod have been taking there salary for nothing for 2 long
oilriches
Posts: 9,378
Off Topic
Opinion:No Opinion
Price:1.055
RE: Results
15 Jun '16
Hi. its in November, we have the support to call an egm now. its a case of voting down certain proposals at agm. I am sitting and happy to wait until then. we want results or a new bod
Fresian
Posts: 142
Off Topic
Opinion:No Opinion
Price:1.055
RE: Results
15 Jun '16
Hi OR - when is the agm? My broker doesn't give me the chance to vote so how do you see this working and what are you tabling here?
Thanks
jeffry
Posts: 3,075
Off Topic
Opinion:No Opinion
Price:1.15
oilriches
10 Jun '16
oilriches, i saw you in RRR, which i have small stake from long time. are you also on RGM? they have 5% of HH. so comparing to UKOG, RGM is undervalue as currently below 1m mcap

whats your thought?
Islandgirl
Posts: 1,393
Off Topic
Opinion:No Opinion
Price:1.105
View Thread (2)
12 months
10 Jun '16
Looking for a new project!!! Really,surely can't be that hard?
thai
Posts: 327
Off Topic
Opinion:No Opinion
Price:1.105
RE: Gb CEO
9 Jun '16
If your correct only time will tell
oilriches
Posts: 9,378
Off Topic
Opinion:No Opinion
Price:1.125
RE: Gb CEO
8 Jun '16
Thai that will only keep him in a job longer. Agm egm will get rid of this board




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