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RMPWed, 20th Jan 2021 21:18
Red Emperor Resources NL - exploration company - Requests suspension of trading of its shares on AIM and says it has been granted a trading halt on the ASX in accordance with listing rules, pending the release of an announcement in relation to a potential acquisition.
Current stock price: 0.78 pence
Year-to-date change: down 26%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
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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