Member Info for ART123

Seems to be back in auction again straight away.......................................

I was just thinking 5p and GBP20 Million m/cap sounds fair..........................................

And 117.98% up for the day - so far.

2.18p to buy and 1.80p to sell - for qty 250,000

Oh and just about fully funded I meant to add.

126 million barrels net to RMP. M/cap about GBP7M. Brilliant prospect. Got to be a buy and hold.

Recent in-house technical work conducted by Otto on its Alaskan acreage in the Western Blocks has resulted in the identification of an oil prospect with a gross best estimate prospective resource volume of 400 MMbbls and a geological chance of success in the range of 25-30%. RMP's 31.5% working interest (before Great Bear 10% back in) would be 126 MMbbl net to RMP. The prospective resource calculation was based on a consideration of offset well information and seismic expression.

From memory Alaskan oil is paid at Brent prices.

This hasn't really been noticed as yet. Trading is restrained . Now 1.75p to buy and 1.42p to sell. This could rise a lot more if the buys turn up.

Really, really positive farm-in with drilling not far away in oil timescales.

· Red Emperor to acquire and drill a significantly large oil prospect on the prolific Alaska North Slope

· The drill target is immediately adjacent to and a direct analogue of the Horseshoe-1/1A oil well drilled by the Repsol-led joint venture in 2017

· Horseshoe is part of the billion-barrel plus Nanushuk oil play-fairway, one of the largest conventional oil fields discovered in the US in more than 30 years*

· Red Emperor has formed a consortium with well-funded and experienced JV partners to execute a drill program in early 2019

· RMP's working interest will be 31.5% in the prospect leases with the Company fully funded to meet its share of all work commitments associated with the acquisition

Recent RNS which was missed while nothing was happening here:

https://www.asx.com.au/asxpdf/20180604/pdf/43vj87z2f3spsf.pdf

Buying back on now. 1.565p to buy quantity (250,000).

· RMP's working interest will be 31.5% in the prospect leases with the Company fully funded to meet its share of all work commitments associated with the acquisition

The well is estimated to cost approximately US$15 million (100% dry hole cost) of which Red Emperor's share will be US$5.25 million. There is also a performance bond of US$3 million (RMP share US$1.05m) to be posted to the Alaska DNR by 31 July 2018. The bond will be refunded if the well is drilled before 31 May 2019.

Red Emperor expects to fund cost of the bond and drilling of the well from its current, strong cash position.

RNS out.

https://www.investegate.co.uk/red-emperor-resource--rmp-/rns/acquisition-of-interest-in-prospect-in-alaska/201806250804374294S/

Says the drill costs are fully funded. Sounds brilliant. Bought 250,000 early but now it won't let me buy any more for now.

Just a vote from the shareholders to allow the directors to issue more shares. Standard stuff. Might as well vote yes as things would get even worse without the management getting their way. Or don't vote which is my choice.

MON1 - Cheers. The forms of proxy should be out by now. Not that I bother to vote in things like this and it should be carried unanimously despite the carnage to the shareprice. "Expected timetable of principal events Publication of the Circular and the accompanying Form of Proxy - 15 June 2018 Latest time and date for receipt of completed Forms of Proxy and receipt of electronic proxy appointments via the CREST system for the Extraordinary General Meeting - 8.30 a.m. on 29 June 2018"

Ojay I apologize as I haven't read any of your posts - or anybody else's for that matter. I am purely stating my opinion of what is going on with the shareprice at the moment, what I think is the cause of the fall and who I think is to blame. Oh and by the way I am purely trading shares to make money. I wasn't invested here in 2010 but if I had been and I'd managed to sell my shares at anywhere near the GBP2.00 level I would have been very, very pleased. I do not regard AIM shares as a long term investment. AIM is a minefield and you can either play a careful game and escape with some profit, and at times even a good profit, or if you are less careful get all of your cash tied up in shares that take years and years to go nowhere. Personally I was very, very ****ed off when a 20,000 paper profit on MATD just disappeared in a few days and even turned into a paper loss. That to me was a very poor performance on my part. Was I to blame or was it just unpredictable and very poor management. I prefer to blame the latter. I've just checked through my paperwork and I seem to have taken about GBP15,000 profit on this in the last 6/7 months so I'm not going to be at a loss whatever happens though I did lose 2.5K back yesterday when I let half my holding go at 10p and the remainder of my holding is now at a 4K paper loss. I also don't seem to have any emails or info regarding the EGM in early July despite holding my shares in 3 different ISA accounts - II, HL and IG. Has anyone else had any info or details of how to vote.

And don't get me wrong as I still can see people (including myself) making lots and lots of profits here when they finally get on with the drilling as I think there is a very good chance of hitting oil but the delays pre-spud have gone on and on and on and the attitude towards raising cash including the ludicrous loan note deal and the very low priced placings has been very frustrating and annoying (and very amateurish).

The problem with Mike Buck is that he seems to think that 6.5p and even 10p are good shareprices for MATD. If he'd bothered to look back before he took over the job he would see that historically GBP2.00 is a good shareprice. Last year the shareprice was happily in the 30p's and it certainly wasn't overpriced then as far as the shareholders were concerned. It's only the poor management that seem to think that the MATD shareprice should be in single figures. Also for Buck to do this second placing without the authority to issue the shares was very silly and that is the reason the SP is now falling below the placing price.

I bought in when the loan note deal was cancelled and had a 20K paper profit by the time the SP reached 14p only to see the whole lot disappear when the 6.5p placing was announced and I even slipped back into a paper loss. Not wishing to have that happen a second time I took a profit of about 7K in April when the drilling delays were announced only to have to buy in at a higher price a few days later. Then last week I was eyeing up a 6K paper profit only to see it turn into a 6K paper loss as soon as this unexpected extra placing was announced. I just can't win with this badly managed share.

Great prospects but such dreadful management. The last CEO was a total idiot who failed to see the shareprice in the 30p's and committed to a death spiral Loan Note deal that saw the SP fall to just over 5p. Absolutely clueless. The latest CEO seems to be little better. Maybe it's just difficult to attract quality management when the prospects are in such a remote country but even so Rio Tinto are a big player in Mongolia so it isn't a complete backwater. Buck also saw the shareprice rise to about 14p/15p and then somehow managed to get a placing done at a silly price of 7p. Then when the shareprice had finally managed to claw it's way back up to 12p/13p he goes and does another quite unnecessary placing, this time at 10p. Except this time he hasn't even got the necessary permissions from the shareholders to issue these shares so the poor buggers who have committed to the subscription have got to wait until the EGM on 4th July before they can get hold of their shares and in the meantime the shareprice is fast dropping below the placing price. This is a bad situation as some may decide not to participate or try and force the placing at a lower shareprice. Back in 2010, the last time MATD drilled, the funds were raised for the 1st years drilling at about 14p or so and then after some success with the early drills, which had strong oil shows (though subsequently these didn't lead to commercial oil), they raised the funding for the second years drill at GBP1.35p per share - they raised $46.8Million at GBP1.35p. They could of done that again, especially with the 75% or so chance of success with Blocks XIX and XX. All in all very, very poor management. All just my opinion.