Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

Pin to quick picksRMP.L Share News (RMP)

  • There is currently no data for RMP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Red Emperor losses widen as work at Alaskan and Filipino projects ramp-up

Fri, 01st Mar 2019 12:26

(Sharecast News) - Red Emperor Resources saw losses widen in its last trading year, as it forged ahead with development prospects in the US and the Philippines.On Thursday, the AIM-listed exploration outfit reported a loss of $1.4m in 2018 - a 221% widening of the $435,035 in losses reported a year earlier due to growing expenses.Red Emperor, along with fellow London-listed firm 88 Energy and ASX traded Otto Energy, inked an agreement with Great Bear Petroleum during the year to acquire the majority of Great Bear's working interest in four leases across the western flank of Alaska's North Slope region.88 Energy, via its subsidiary Captivate Energy Alaska, began drilling at its Winx prospect, a 3D seismic defined oil prospect with a gross mean unrisked prospective resource of 400m barrels and a geological chance of success around 25% to 30%.In the Philippines, Red Emperor started work at block SC55 following the award of a seismic data reprocessing and quantitative interpretation contract as part of an ongoing effort to help de-risk previously identified targets and identify new highly prospective leads.As of 1455 GMT, Red Emperor shares had tumbled 59.46% to 1.64p.
More News
23 Apr 2021 17:58

IN BRIEF: Red Emperor cash position "strong" as it progresses deal

IN BRIEF: Red Emperor cash position "strong" as it progresses deal

Read more
20 Apr 2021 15:36

EXECUTIVE CHANGES: James Fisher names new CFO; Lekoil loses new chair

EXECUTIVE CHANGES: James Fisher names new CFO; Lekoil loses new chair

Read more
25 Mar 2021 17:14

TRADING UPDATES: SpaceandPeople swings to loss in 2020 amid virus

TRADING UPDATES: SpaceandPeople swings to loss in 2020 amid virus

Read more
5 Mar 2021 11:17

IN BRIEF: Red Emperor Resources loss narrows on other income increase

IN BRIEF: Red Emperor Resources loss narrows on other income increase

Read more
29 Jan 2021 12:06

TRADING UPDATES: Novacyt, Bloomsbury Expect Strong Annual Performance

TRADING UPDATES: Novacyt, Bloomsbury Expect Strong Annual Performance

Read more
20 Jan 2021 21:18

IN BRIEF: Red Emperor Halts Trading Ahead Of Acquisition Announcement

IN BRIEF: Red Emperor Halts Trading Ahead Of Acquisition Announcement

Read more
18 Nov 2020 15:59

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
18 Sep 2020 12:13

IN BRIEF: Red Emperor Loss Narrows After Prior Year Write-Offs

IN BRIEF: Red Emperor Loss Narrows After Prior Year Write-Offs

Read more
7 Aug 2020 16:24

IN BRIEF: Red Emperor Becomes Cash Shell, Evaluates Opportunities

IN BRIEF: Red Emperor Becomes Cash Shell, Evaluates Opportunities

Read more
8 Jun 2020 14:41

UK TRADING UPDATE SUMMARY: BlueRock Nets USD700,000 From Diamond Sales

UK TRADING UPDATE SUMMARY: BlueRock Nets USD700,000 From Diamond Sales

Read more
27 Feb 2020 14:01

Red Emperor Resources Annual Loss Narrows On Lower Costs

Red Emperor Resources Annual Loss Narrows On Lower Costs

Read more
2 Dec 2019 13:54

Red Emperor Secures Option Buy 70% In Large Australian Block

Red Emperor Secures Option Buy 70% In Large Australian Block

Read more
25 Oct 2019 11:28

Red Emperor Resources seeks new opportunities amid project struggles

(Sharecast News) - Red Emperor Resources updated the market on its activities for the quarter ended 30 September on Friday, reporting that at the Alaska North Slope, its joint venture purchased additional regional 3D seismic data within the Western Blocks, with reprocessing and reinterpretation of the existing 3D seismic planned in order to assess further the prospectivity of the acreage.

Read more
16 Sep 2019 11:45

Red Emperor Resources Annual Loss Widens On Nanushuk Write-Down

(Alliance News) - Red Emperor Resources NL on Monday posted a heavily widened annual loss after a write-off of its Nanushuk project in Alaska.Shares in Red Emperor were down 6.1% at 0.53 in

Read more
12 Aug 2019 11:33

Red Emperor Resources Announces Immediate Departure Of CEO Lambert

(Alliance News) - Alaska-focused Red Emperor Resources NL on Monday reported the immediate resignation of Chief Executive Gracjan Lambert, so he can focus on "other business Emperor said act

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.