Member Info for volley

Good to hear from you. You have been almost as patient as me. When you talk about bad CEOs don't forget Landau!!! My point was that someone with better knowledge of the rules than me may try and stir things up about the lack of RNS on clearly price sensitive subjects like the Myan investment, the revaluation - if it has been done, the first CPR, etc etc.

We were also promised a revaluation weeks ago. Just who is getting all these original reports because we sure are not?? Now SO is talking about a CPR update. Where is the first one for us to view? It really is disgraceful the way SO is treating shareholders - but with the exception of the Chinese I presume. I emailed SO months ago and got no reply so don't put the kettle on chaps if you are expecting a response. Who is going to grasp the nettle and raise his lack of communication to the market with the stock exchange? I am not sure how to go about it.

The spread not as big as showing but still a deterrent. .76 to buy, .67 to sell.

I too was hoping for a bit earlier start. But it is what it is. However it could come earlier. Nevertheless there is more news to come throughout 2018 we have been promised - and most if not all probably good - so I hope we can look forward to the SP rising.

Oops sorry. It was Esso. Not S.O.

I hear that SO is about to rake in millions from an oil field!!!

Thanks for the clarification. I hadn't looked deep enough. Fingers crossed there is something else imminently in the pipeline so to speak!! I sold out my 650,000 at a huge loss some months ago and put it into MXO. Ho hum. Not doing too well there at the moment either but I am still confident. However I bought back around 200,000 at just under a penny to wait and see. I seem to have been doing that for a long time now.

Oilriches, I assume it is showing nil value in the half year results because it was not sold during the half year. But if it is being valued at $3 million previously, it is probably worth less now because of the industry downturn. However it surely is worth something in excess of $1mllion which will boost our cash reserves further - and the SP!!!

The trend IS your friend - not IF. OOps.

The trend if your friend, the experts say. The market is moving this along slowly and it's not the price of oil rising because we don't have any!!! So something must be rumbling in the background - or it is simply an adjustment to take into account the cash in the bank which makes us worth 1.5p or so. Hopefully GB is finalising a deal that the market has got wind of.

On their website in the investor presentation, Otto say they are pulling out of the Phillippines. So I would imagine they are seeking to sell or farm out. The two years will probably be to give the new operator a chance to get everything in place. I see this is good news - maybe!!

Sorry didn't mean to excite you all. That should be OTTO not RMP!!!!!!

From Proactive Investors Australia - RMP are readying to reveal details of a farm-in transaction, with the ASX granting the company a trading halt to prepare. No further details have yet been released. The company did recently acquire Borealis Petroleum Pty Ltd, which has access to a substantial acreage position in onshore Alaskan North Slope. The halt will last until the opening of trade on Monday 14th December 2015, or earlier if an announcement is made to the market.

No worries. I've been here a long time too. Wish I had sold at 5p. Wouldn't have so many money worries now. But despite Bandy's lack of comms - I still believe this will come good at some stage. SC55 could be the answer. Nothing being said about that at the moment but Otto wouldn't be walking away after having thrown so much money at it. There was a lot of gas found in Georgia and it must be worth something also. And finding the right asset at the right price won't be quick even in today's climate. I also can't believe Bandy is sitting around on his hands.

Agreed. But any hints about a new asset would definitely have been price sensitive!!! Maybe he's waiting to see what - or if - he gets value from Georgia. Who knows!!

Maybe he thought the rebate wouldn't affect the SP. But the detail did surprise me. At least Georgia sale seems to be still on.

I emailed. He replied. It was a personal response. Out of politeness I asked if he objected to me sharing it with the rest of the board. He said "Not particularly. No." Did you email him and express your dissatisfaction? Did you ask the same questions? You got the same address to which I sent. What's your problem? if it is with Greg Bandy. Take it up with him. I was only trying to answer the questions everyone is asking.

I received this reply from Greg Bandy yesterday. I received his permission to put it up on this BB Apologies Mr XXXXX I have not received your email sent to the “info” address, but obviously I have received this one. The refund from Otto has occurred and has been inline with expectations and market disclosures. Otto have refunded down to a $23m USD well cost with RMP receiving a further $285,000 USD last month. The company’s cash position is still in excess of $12m AUD with any further refunds from Otto expected to be negligible. With respect to Georgia, the sale process currently being undertaken by the directors of Strait Oil & Gas is still ongoing. Whilst shareholders of Strait, RMP is not involved in the process and have not been advised of a. It should be noted that while Strait Oil & Gas (UK) has been placed into voluntary liquidation, Strait Oil & Gas (Gibraltar) which was formerly a subsidiary company, holds (and always has) the PSC’s in Georgia. The Gibraltar company was spun out of Strait UK last year so the winding up of the former parent company has no affect on the existing contracts. I hope this has answered your questions and I thank you for your support as a Red Emperor shareholder. Regards Greg Bandy Managing Director

I have twice tried to post a copy of a reply I received from Greg Bandy in answer to a couple of questions. It has not been put up. Why??

I received this reply from Greg Bandy yesterday. I received his permission to put it up on this BB Apologies Mr XXXXX I have not received your email sent to the “info” address, but obviously I have received this one. The refund from Otto has occurred and has been inline with expectations and market disclosures. Otto have refunded down to a $23m USD well cost with RMP receiving a further $285,000 USD last month. The company’s cash position is still in excess of $12m AUD with any further refunds from Otto expected to be negligible. With respect to Georgia, the sale process currently being undertaken by the directors of Strait Oil & Gas is still ongoing. Whilst shareholders of Strait, RMP is not involved in the process and have not been advised of a. It should be noted that while Strait Oil & Gas (UK) has been placed into voluntary liquidation, Strait Oil & Gas (Gibraltar) which was formerly a subsidiary company, holds (and always has) the PSC’s in Georgia. The Gibraltar company was spun out of Strait UK last year so the winding up of the former parent company has no affect on the existing contracts. I hope this has answered your questions and I thank you for your support as a Red Emperor shareholder. Regards Greg Bandy Managing Director