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Red Emperor is an oil and gas exploration company. We have been involved in a number of opportunities since inception, all with other partners, to explore for oil. All of these projects we have invested in have carried a level of risk and a commensurate level of return in a potential success case. We have always advised the market of such but what we have also done very prudently, as a board and management team, is protect our most valuable commodity in tough times, our cash. We still have close to $12m AUD in the bank and we are 100% focused and committed to adding value for our shareholders by delivering an asset, or a portfolio of assets, which we hope can bring about a significant share price re-rating. Since early last year, oil prices have been depressed and are still, today, significantly so. We have deliberately not rushed into transactions with struggling energy companies who have looked to off-load their worst assets but keep their best ones as they battle to survive. What we are now seeing are far more and significantly better opportunities becoming available with continued depressed oil prices shaking loose the type of assets we are looking for. We are currently working on and reviewing a number of opportunities, including discussing a strategy with a known group to take advantage of our cash, this market and their technical and industry expertise. We look forward to updating the market at the appropriate time. Regards Greg Bandy
When I email G bandy I can only tell you my reply was that they were trying to. Lose a deal by the end of the year
We are all hoping
You have got to be in it to win it as they say :)
Is let's hope with a close spread things will start moving as the mail said they are hoping to do a deal by the end of the year
Looking good mate and I have watched you for a while thank you
On the way up yes
My response was good and I am in 3,4,5,6 Ian now in a position and I know this will rise it's up to me as when I get out may be I won't get out if they buy a big asset but I am now waiting mate
I also think this is going to move because a company with cash in the bank and if you have watched how this has gone over the years I would never tell anyone that this share is going to go up but I know the position I was in I would not get my money back so I have bought and if if it now goes from here I will cash in and like them or not the people behind this share never lose
Am I correct in saying something may be happening with a spread like this ?
Cheers for showing your email
Thanks for your imput I have worked the oil game all my life and while I cannot say where the prices is going I did not think it would last this long or go so low but what I can say is the oil companies put big money into elections and other things I a lot of companies need a brake from these price or they won't be here soon It's just a waiting game yes
Is it wish full thinking ha ha or is there news coming 10 % up on a Friday
Oct 31 st what's the best way to deal with this then share holders
These people behind this share are daft if they don't do something to make rise from now they know they are gone 51 % is not a lot between so many people to get hold of it rmp lets pool all our shares :) I have never thought about this before always a thought yes
Thanks for reply I take that as a no lol so let's see how we go then oil has hit a high so let's see but I have been buying and it's not showing on trades I honesty feel if it hits a high I would leave as my feelings in the oil game it's going to be hard unless what I am reading into the clever men behind this share hit the jackpot and buy into a service company with there money and the company's etc like the last paragraph of my email said yes they anit just going to roll over and die correct and its get close to that time yes agm
Hi oil riches I am sick of messing around with company if I can get people 2 buy 2 million pounds worth of shares and we get access to the money in the bank to reinvest in real estate it would be a step forward in the right country if you were going to tremble the money in the account would you help in restructuring the company and show us the way to do this as my friend said the other night 2 million would give us control is this correct this is just a thought
Brent crude hitts 51.77 yes
Why is there no buys showing again I bought shares yesterday ? And they were never shown in trades
Why is there no buys showing again I bought shares yesterday ?