Member Info for oilriches

We are capped 1m below fri and have double the cash and a deal must be near now

See an almighty spike here in the coming days......a deal is close

Well said oracle. I have been watching the Aussie dollar, which is strengthening which is pushing up our uk cash in bank. The bod have highlighted their intension on a new asset...how long is the question???

What with a few posts.....this will multi bag but not over night

Paid

Coming in today

Hi cookie it was the info on cinco that is the focus. Where will this new asset be???

http://redemperorresources.com/brandon-hill-initiation-report/

Yes mate...something will happen at new shortly

https://m.youtube.com/watch?v=bS2-Ee1lBSQ

Consultants would look into the data. At the moment sc55 has little value but over the 2 years they may be able to farm this down and get a free drill carry....it has the latest 3D and is undrilled...short term it's all about the new asset

Stuiegee - do u know what is happening with sc55? It's a request to not undertake any exploration etc for 2 years so why would we cash burn??? The idea is to farm down when the sector recovers....no chance this will drift with the current oil and gas upturn. Agree Georgia is a bag of crap

Cinco is supposed to be a gas play but the permit has oil targets

Island we are a bit away from 5p but we were at a similar shareprice in Dec 2014....oil price looks good to hit $70 a barrel by year end, we hit 5p on $50 oil price and now we have 37.5% of sc55 and intention for more assets

Hurry up 5p

Looking good oracle

Yeah I have about £200k in here and am really do go looking at 4/5p and maybe more depending on the oil price. £6.3m in cash and no debt....bargain here

My plan worked a treat last year and am very confident that we will see something good coming here. We know how it works here

Hey Russty, I'm in for about 15m shares and am very confident on a new asset before November. I will keep buying at these levels and sell down in 9 months at 5p +.....certainly worth getting into at these levels below cash

We now have 37.5% of sc55 with a rising oil price.....this bit is interesting the course of the last 3 months, Red Emperor has reviewed and conducted high level due diligence on a number of projects and opportunities, both in the oil & gas and resources sector. While committed to its existing JV in the Philippines, the Board believes additional asset(s) would better diversify the Company and could potentially take advantage of the Company’s substantial cash balance. To date, the Red Emperor has not progressed any of these opportunities beyond due diligence, however it remains committed and focused on identifying value for shareholders while at the same time, responsibly managing the Company’s healthy cash position.