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Red Emperor Share Chat (RMP)



Share Price: 1.10Bid: 1.00Ask: 1.20Change: 0.00 (0.00%)No Movement on Red Emperor
Spread: 0.20Spread as %: 20.00%Open: 1.10High: 1.10Low: 1.10Yesterday’s Close: 1.10


Share Discussion for Red Emperor


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oilriches
Posts: 9,378
Off Topic
Opinion:No Opinion
Price:1.10
bolgas
4 Oct '15
totally agree. Sc55 farmout etc is over 12 months away but could offer good medium term upside on a drill ready prospect. Georgia for me is a waste of space and rmp should be asking questions with block vib and the carried drill. The play for me is having £5.5m in the bank that will be a company changer if they select the right asset - to be honest they are in a position to snap up a cheap production asset with exploration upside. I still maintain that rmp will join Otto in Tanzania, which offers big upside with low drilling costs. Time will be the bug bear here but 4p will be hit again
 
Bolgas
Posts: 1,481
Off Topic
Opinion:No Opinion
Price:1.10
RE: What
3 Oct '15
Last email I got from OTTO should explain a few things:-

I doubt at <$40 per bbl oil that there will be much interest in the near term in new acreage from the oil majors. They are all currently cutting expenditure and won’t be adding a new country exposure any time soon.

We need to ride through the current oil price downturn and then see in a year or two’s time what the market will do with Cinco and the carbonate prospects in SC55 I suspect.

Regards
RMPer
Posts: 25
Off Topic
Opinion:No Opinion
Price:1.10
RE: What
2 Oct '15
It basically says that OTTO have received the money that BHP committed to pay to them to drill the well. While it's good that BHP have paid OTTO what they had committed to pay them, it's money that OTTO had already accounted for coming in anyway, so I don't see any new information here unfortunately.
Stuiegee
Posts: 1,095
Off Topic
Opinion:No Opinion
Price:1.10
RE: What
2 Oct '15
I haven't looked at these links, but it seems that BHP have coughed up $25m to otto for Hawkeye-1 which hopefully means the start of preparations for the next drill. But they have just bought another percentage of the Alaskan license too so, who knows what they are going to do with the money! lol
Islandgirl
Posts: 1,401
Off Topic
Opinion:No Opinion
Price:1.10
What
2 Oct '15
Does it say mate.Cant open up with this weak signal?
TinManTom
Posts: 275
Observation
Opinion:No Opinion
Price:1.10
Oilriches
1 Oct '15
Agree - I'm looking to purchase more as I feel we will know the direction pretty soon. IIs loading up, Palawan de-risked, Let's see what happens. DYOR
oilriches
Posts: 9,378
Off Topic
Opinion:No Opinion
Price:1.10
bigjr
1 Oct '15
you will regret not loading up at these levels :-)
bigjr
Posts: 121
Off Topic
Opinion:No Opinion
Price:1.02
Oilriches
30 Sep '15
1.02. Buying your head off yet ?
Bolgas
Posts: 1,481
Off Topic
Opinion:No Opinion
Price:1.08
RE: Oilriches / Bolgas
29 Sep '15
18 months is my guess, and i'd say they'll take risk off OTTO, I doubt our share will decrease.

Whilst we will have a rise in share price there will be the inevitable fund raiser along way to fund the unexpected, I'm sure we'll all be the wiser when that happens.




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