28 Feb 2012 07:00
28 February 2012 Red Emperor Resources NL ("Red Emperor" or "the Company") Notice of General Meeting
Further to the announcement of 27 February 2012, the Board of Red Emperor advises that it has today sent a Notice of General Meeting ("Notice") to all shareholders to approve the issue and allotment of shares, approve the issue and allotment of options and to ratify and approve the prior issue of shares and options.
The meeting is convened for 9:30am (WST) on 28 March 2012, to be held at 35 Richardson Street, West Perth, Western Australia.
Full details of the Notice can be found on the Company's website, www.redemperorresources.com.
The Directors have determined pursuant to Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the General Meeting are those who are registered Shareholders of the Company as at 7:00pm (EST) on 26 March 2012.
To vote by proxy, forms should delivered to Red Emperor Resources NL, PO Box 1440, West Perth, Western Australia, 6872 or sent by facsimile on number 00 61 8 9324 2400 no later than 09:30am (WST) on 26 March 2012.
For further information please visit www.redemperorresources.com or contact:
Red EmperorGreg Bandy +61 8 9225 2826Rebecca Sandford +44 20 7025 7040Cairn Financial Advisers LLP (Nominated Adviser)Jo Turner +44 20 7148 7900Tony RawlinsonOld Park Lane Capital plc (Broker)Luca Tenuta +44 20 7493 8188Michael ParnesTavistock CommunicationsPaul Youens +44 20 7920 3150Ed PortmanBackground
Red Emperor Resources NL is a natural resources exploration company with interests in the frontier state of Puntland, Somalia and the Republic of Georgia.
* In Puntland, Red Emperor holds a 20% working interest in two licences encompassing the highly prospective Dharoor and Nugaal valleys. These two exploration areas cover over 36,000km2. The operator and 60% interest holder, Horn Petroleum Corp. has spud the first well in a two well programme in early 2012 targeting 300mmbls and 375mmbbls of best estimate Prospective Resources (100% basis). Site construction has commenced on the second well with the setting of the 30 inch surface casing and drilling of a 50 meter pilot hole in readiness for spudding following completion of the first well. * In the Republic of Georgia, Red Emperor has a 20% working interest in onshore blocks VIa and VIb, covering approx. 6,500km2. Joint Venture partner Range Resources Limited previously funded a 410km 2D seismic program with independent consultants RPS Energy identifying 68 potential structures containing an estimated 2.045 billion barrels of undiscovered oilâ€"inâ€"place (on a mean 100% basis) with the first (Mukhiani-1) of two exploration wells having spudded in July 2011. Re-interpreted seismic supported by the Mukhiani-1 vertical seismic profiling has identified new fault and stratigraphic trapping potential with the possibility of a side track well to be drilled post additional seismic in 2H 2012.
XLON