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Red Emperor Resources

16:35 on 21/11/2017

Current Price 1.13p | Bid 1.00p | Ask 1.50p | Change -3.85%

Company Overview

Red Emperor Resources NL is a natural resources exploration company with interests in the frontier state of Puntland, Somalia, the Republic of Georgia and Western Australia. 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 nearly 36,000km2 and have independently been assessed to potentially contain over 19.9 billion barrels of oil in-place. Red Emperor's joint venture partner and PSA operator Africa Oil Corp. (TSXV: AOI) has signed a contract with drilling company Sakson Drilling and Oil Services as well as all related third party contracts. Site works are now complete and the first well is expected to be drilled in early January 2012. 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 Ltd last year funded a 410km 2D seismic program with independent consultants RPS Energy identifying 68 potential structures containing an estimated 2.045 billion barrels of oilâ?? inâ??place (on a mean 100% basis). The first (Mukhiani-1) of two exploration wells spudded in July 2011. Re-interpreted seismic supported by the Mukhiani-1 VSP new fault trap and stratigraphic trapping potential with the possibility of a side track well to be drilled post additional seismic in 2H 2012. The Company also has a right to earn a 25% interest in the Jillewarra Project a copper and gold project in Western Australia. This interest is free carried until bankable feasibility study.

Stock Details

EPIC RMP
ISIN AU000000RMP0
Shares in Issue 425,292,776
Market cap £ 4.25m
Sector Oil & Gas Producers
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 30/06/2014

Turnover £0.42 million
Operating Profit £-10.23 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -0.15
» More Financials

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Price Summary

Mid Price ? 1.25p
Bid Price ? 1.00p
Ask Price ? 1.50p
Volume ? 20000
Change Today -0.05p
% Change Today -3.85%
Open 1.13p
Previous Close 1.25p
Intraday High 1.13p
Intraday Low 1.13p
52 Week High 1.65p
52 Week Low 0.75p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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