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Red Emperor Resources Gets Performance Bond Refund For Winx Work
LONDON (Alliance News) - Red Emperor Resources NL on Tuesday confirmed it has received a USD1.1 million refund for work in Alaska.
Red Emperor shares were 12% higher at a price of 0.60 pence each in morning trade.
The funds had been given in the form of a performance bond, for work at the Winx-1 exploration well on Alaska's North Slope.
"Red Emperor is financially well placed to proceed with its evaluation plans for the Western Blocks and continue its ongoing evaluation of other project opportunities, with a current cash balance of approximately AUD5.9 million," said the company.
Late March, operator 88 Energy Ltd plugged and abandoned the Winx-1 well site following disappointing results.
Latest RMP News
- IN BRIEF: Red Emperor cash position "strong" as it progresses deal
23 Apr 2021 - EXECUTIVE CHANGES: James Fisher names new CFO; Lekoil loses new chair
20 Apr 2021 - TRADING UPDATES: SpaceandPeople swings to loss in 2020 amid virus
25 Mar 2021 - IN BRIEF: Red Emperor Resources loss narrows on other income increase
5 Mar 2021 - TRADING UPDATES: Novacyt, Bloomsbury Expect Strong Annual Performance
29 Jan 2021 - IN BRIEF: Red Emperor Halts Trading Ahead Of Acquisition Announcement
20 Jan 2021 - UK Shareholder Meetings Calendar - Next 7 Days
18 Nov 2020 - IN BRIEF: Red Emperor Loss Narrows After Prior Year Write-Offs
18 Sep 2020
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RMP.L News
IN BRIEF: Red Emperor cash position "strong" as it progresses deal
IN BRIEF: Red Emperor cash position "strong" as it progresses deal
EXECUTIVE CHANGES: James Fisher names new CFO; Lekoil loses new chair
EXECUTIVE CHANGES: James Fisher names new CFO; Lekoil loses new chair
TRADING UPDATES: SpaceandPeople swings to loss in 2020 amid virus
TRADING UPDATES: SpaceandPeople swings to loss in 2020 amid virus
IN BRIEF: Red Emperor Resources loss narrows on other income increase
IN BRIEF: Red Emperor Resources loss narrows on other income increase
TRADING UPDATES: Novacyt, Bloomsbury Expect Strong Annual Performance
TRADING UPDATES: Novacyt, Bloomsbury Expect Strong Annual Performance
IN BRIEF: Red Emperor Halts Trading Ahead Of Acquisition Announcement
IN BRIEF: Red Emperor Halts Trading Ahead Of Acquisition Announcement
UK Shareholder Meetings Calendar - Next 7 Days
UK Shareholder Meetings Calendar - Next 7 Days
IN BRIEF: Red Emperor Loss Narrows After Prior Year Write-Offs
IN BRIEF: Red Emperor Loss Narrows After Prior Year Write-Offs
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