Member Info for Bladderman

That's right Ocelot. YA almost done for now and can only convert just over £1M in the next 7 weeks which is piddly in the over all scheme of things. This has got re-rate written all over it. So a very happy holder at these levels..

Cheap isn't it!

It's very very cheap here however one looks at this now. That acquisition was a master stroke. 126mmbls net attributable to RMP is over 150% higher than AAOG's 53mmbls and they're valued at £15M. Even MATD's upcoming Snow drill (although part of a four well programme this year) is only 90mmbls (£60M). Just a little perspective as we're funded and valued at £6M???!!!

And they can only convert £1.25M of that £2.5M total after August 15th when we should be banging out over 1000bopd!

Yep. Sometimes these types of stock require a few days before the justified rise. 88E stock holders will increasingly take note of the silly priced stock soon enough

And 126mmbls is only RMP's share (88E is 135mmbls). Basically it's being priced at about £1M. £1M for 126mmbls potential net ti RMP. Couldnt make it up

I complained to LSE about the ticker mid price as was very inaccurate. Now people can see yhis is only worth £6M lol on 126mmbls in Alaska and 88E are drilling the bloomin thing

Naturally but no big placing to shift so can see this doing very well from here as have a 'strong cash position'

Agreed is now a very compelling investment case. The market will not be able to ignore this opportunity..!!

£20k sold around 0910. Expecting possibly another like this. Then out the way and can go forward as new money entering into what is now a new look company

Another £10k delayed buy at 1.7p just popped up from 10:00. PIs seeing value here and rightfully so with more buys tricking through now..

£18K buy just popped up from 08:04 at 1.98p

Yeh that was yesterdays RNS. And probably just the last of it being sold. It was guessestimated that they had about 50% left 25M. So prob 25M nearly done now today..

The asset for RMP is a corker. If it were an average licence/acquistion i wouldn't look twice but this is adjacent to Repsol's gusher!!

No RNS came up on a google search just yesterdays conversion

The market cap is even more of a joke. The last trade was a buy at 1.733p so valued at about £7M lol

88E will manage the drill etc and are worth over £100M. Also a new CEO in place so things are changing here after years of disappointment

All buys and full Ask paid...

Means YA can only convert £1.25M more between now and August 15th having already converted £1.75M since May 15th- so will want to preserve some dry powder over the next 7-8 weeks. Then will only have £1.25M to convert after August 15th and they are history. Tick tock..

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

The Board of Red Emperor Resources NL ("Red Emperor" or the "Company") is pleased to provide the following announcement with respect to an exciting new farm-in acquisition and upcoming drill program.

HIGHLIGHTS

· 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

Let's see what tomorrow brings Stuiegee...