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Red Emperor continues to make progress in Puntland

Thu, 31st Jan 2013 13:13

Red Emperor Resources, a natural resources exploration company with interests in the frontier state of Puntland, Somalia and the Republic of Georgia, reported progress during the final three months of 2012.The group said that during the quarter its joint venture partner and operator of its Puntland project, Horn Petroleum Corp., demobilised the drilling rig andassociated equipment and completed restoration of both drilling locations. Red Emporor said its efforts are now focused on making preparations for a seismic acquisition campaign in the Dharoor production sharing agreement, where the focus will be to delineate new structural prospects for the upcoming drilling campaign. Following the success of the Shabeel-1 and Shabeel North-1 wells, Red Emperor, along with its partners Horn Petroleum Corp and Range Resources, has entered into the next exploration period in both the Nugaal and Dharoor Valley Production Sharing Contracts (PSCs), which carry a commitment to drill one well on each block within an additional three-year term. As such, Red Emperor has earned its 20% interest in the two projects and remains fully funded for the current programme.The share price edged 0.64% higher to 3.15p by 14:00.NR
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5 Feb 2019 09:52

88 Energy, Red Emperor Start Moving Rig Towards Alaska Well

LONDON (Alliance News) - 88 Energy Ltd and its partner Red Emperor Resources NL said Tuesday the rig at the Winx-1 exploration well has started to move.This follows the completion of the of

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31 Jan 2019 14:23

Red Emperor Resources Reports Near Completion Of Winx-1 Ice Road

LONDON (Alliance News) - Red Emperor Resources NL on Thursday said the ice road construction at its Winx-1 exploration well located in the US state of Alaska is now nearing of the ice road is now

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24 Jan 2019 10:26

88 Energy, Red Emperor Reports Near Completion Of Winx-1 Ice Road

LONDON (Alliance News) - 88 Energy Ltd and its partners said Thursday the ice road construction at its Winx-1 exploration well located in the US state of Alaska was now nearing separate Thursday,

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17 Jan 2019 10:01

88 Energy, Pantheon And Red Emperor Jump On Alaska Permit Approval

LONDON (Alliance News) - 88 Energy Ltd and its partners said Thursday they had been granted a drilling permit for the Winx-1 exploration well located in the US state of Alaska, adding that the ice

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8 Jan 2019 11:47

Red Emperor Resources raises £2.8m in placing

(Sharecast News) - Red Emperor Resources announced an oversubscribed placing to certain new and existing institutional and sophisticated investors, via its UK and Australian brokers on Tuesday, of 100 million new ordinary shares at an issue price of 2.8p each, to raise £2.8m before expenses.

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8 Jan 2019 09:16

Red Emperor Raises GBP2.8 Million Via Share Issue To Fund Drilling (ALLISS)

LONDON (Alliance News) - Red Emperor Resources NL on Tuesday said it raised GBP2.8 million in a share placing to provide working capital and fund the upcoming drilling of the Winx-1 exploration in

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7 Jan 2019 09:59

Red Emperor Resources, 88 Energy Start Ice Road Construction In Alaska

LONDON (Alliance News) - Red Emperor Resources NL on Monday said construction has started on an 11-mile ice road at its Winx-1 exploration well, in the North Slope of Alaska.The company is

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17 Sep 2018 11:29

Red Emperor Resources Narrows Loss On Swing To Currency Gain

LONDON (Alliance News) - Red Emperor Resources NL on Monday said its annual loss narrowed as it swung to a gain on foreign exchange.Shares in Red Emperor were down 4.4% at 2.96 pence on its

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29 Aug 2018 10:53

88 Energy Secures Rig For Drilling On Alaska's Winx Prospect

LONDON (Alliance News) - 88 Energy Ltd said on Thursday it has secured a rig contract for drilling work at the company's Winx prospect on Alaska's North Slope.The rig has been from

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30 Jul 2018 10:22

Red Emperor And 88 Energy Pen Agreements For Alaskan Leases

LONDON (Alliance News) - Red Emperor Resources NL and 88 Energy Ltd on Monday said they have signed agreements to buy stakes in four leases on the western flank of Alaska's North two companies

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19 Apr 2018 13:37

Red Emperor Resources Ups Interest In Palawan Basin Block To 38%

LONDON (Alliance News) - Red Emperor Resources NL said on Thursday it has received national support for the transfer of interest under service contract 55, offshore Palawan Basin in the oil and of

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15 Mar 2018 14:31

UPDATE 1-Natgas producer EQT's CEO resigns, former chief at helm in interim

March 15 (Reuters) - Natural gas producer EQT Corp said on Thursday Steven Schlotterbeck had resigned immediately as chief executive officer, just over a year after he took charge. The said

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25 Oct 2016 11:23

Red Emperor Resources updates market on quarterly progress

(ShareCast News) - Red Emperor Resources posted an update for the quarter to 30 September on Tuesday, confirming all relevant documentation for the transfer of Otto Energy's equity interest in Block SC 55 was prepared by Otto during the period. The AIM-traded firm said the documentation was also app

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17 Jun 2016 07:14

Red Emperor Gets 2-Year Moratorium For Philippines Joint Venture

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14 Mar 2016 09:48

Red Emperor Interim Loss Narrows On Lower Impairment Charge

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