25 Jun 2015 08:29
Shares in Red Emperor Resources jumped over 30% on Tuesday, after the oil explorer said its partner in the Block SC55 project has clinched a deal for a drill ship to carry out work on the site. In a statement released on Tuesday, the London-listed company said Otto Energy signed a contract with Maer
Read moreOil and gas explorer Red Emperor said its first half pre-tax loss increased sharply as a result of a substantial write-off against its joint venture in Somalia. The London-listed group posted a first-half loss of $15.4m (£10.4m) compared with a $307,914 loss the year before, after one of its joint v
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