Red Emperor Resources Nl Share Discussion Threads

[howie26] 03/3/2016 17:45

Something going on with Rmp. I think we will be at 2p before long

[nick rubens] 03/3/2016 12:03

Yes, someone is getting their large order worked hence the sells being soaked up easily.

And again today.

Al the more reason to hold on to them IMO.

[dyardley] 02/3/2016 16:47

Going higher for unknown reason. Bid picking up just to tempt selling?..

[howie26] 01/3/2016 10:58

Volume will pick up

[hope67] 01/3/2016 10:39

About time something happened here

[howie26] 01/3/2016 09:52

Next stop 1.5p....new asset on the way

[barony] 01/3/2016 09:18

Too slow typing. Up over 20%!!!

[barony] 01/3/2016 09:17

Up over 10%!! What's happening?

[dyardley] 01/3/2016 09:17

All looking good here. 1.5p cash. Resource sector picking up. Graph, moving averages looking excellent.

[howie26] 28/1/2016 16:48

Rmp would pay for their share of any drilling. Rmp could go up to 37% and farm this down when market conditions improve. We might get £500k for Georgia if we are lucky

[barony] 28/1/2016 10:42

Interesting times. If we get a moritorium in the Phillipines, who pays for the drilling now that Otto are out?
Fingers crossed for a Georgia sale at a good price.

[singer8] 03/1/2016 22:59

beware sharetips6 is ADVFNs worst PUMP and DUMP scammer BEWARE

all the same person

55investor
34simon
21trader
tradermick
hatetrader
sharetips6

very nasty

[sharetips6] 03/1/2016 22:34

Beware Pete warner is part of dodgy directorstalk spam links site.

Used to post as buystock and tradingstocks247.

Posts with a lot of usernames and so far atm is using these names to filter.

3dimensional
onceatrader
petewarner
troajan
jilted1
humblebynature
driller50
1dollybird
12trading
janedowns

[peter warner] 03/1/2016 22:26

FOOL take up fishing.

Aussie-Philippines group to drill for oil in disputed waters
By Paolo Romero (The Philippine Star) | Updated July 20, 2015 - 12:00am
70 2991 googleplus0 0

An Australian-Filipino consortium is set to drill a new deepwater exploratory well in the resource-rich West Philippine Sea. www.offshoreenergytoday.com
MANILA, Philippines - Amid an increasingly tense territorial dispute between the Philippines and China, an Australian-Filipino consortium is set to drill a new deepwater exploratory well in the resource-rich West Philippine Sea, hoping to tap a commercially viable oil reservoir, a lawmaker revealed yesterday.

Liquefied Petroleum Gas Marketers’ Association party-list Rep. Arnel Ty said the private consortium that runs petroleum Service Contract (SC) 55 will spud or drill the Hawkeye exploratory well on Aug. 1, immediately after the July 31 arrival of the super deepwater drill ship Maersk Venturer on site.

The SC 55 site, fortunately, is not situated in parts of the West Philippine Sea that are being claimed by China.

“We applaud the consortium’s resolve to push through with the drilling of the well, at a time when many oil and gas explorers around the world have abandoned their search for new hydrocarbon deposits amid the 50 percent plunge in oil prices,” Ty said.

“This new drilling underscores the strategic economic value of the West Philippine Sea, which is the source of most of the country’s productive offshore oil and gas fields, and is believed to hoard stacks of hydrocarbon that, once harnessed, could enable the Philippines to become self-sufficient in its future energy needs,” he said.

Ty said Department of Energy (DOE) in March granted a force majeure on a separate petroleum exploration concession in the West Philippine Sea –SC 72 – because it falls within the disputed area that is now the subject of a United Nations arbitration process between the Philippines and China.

The SC 55 consortium is spending $24.5 million or P1.1 billion to drill the Hawkeye well.

The group is composed of Australia’s Otto Energy Investments Ltd. (operator, with 78.18 percent interest), Red Emperor Resources NL (15 percent), and Palawan 55 Exploration and Production Corp. (6.82 percent).

He said Palawan 55 is a wholly owned subsidiary of Trans-Asia Petroleum Corp., a Philippine Stock Exchange-listed entity controlled by businessman Ramon del Rosario Jr.

Ty said the DOE has issued a total of 29 SCs allowing private foreign and local firms to seek out new oil and gas basins throughout the country, with the promise that the Philippine government would get ample royalties once resources are discovered and harvested.

Of the 29 SCs, Ty said 16 cover offshore areas in northwest, west and southwest Palawan, all within the West Philippine Sea.

Meanwhile, Valenzuela City Rep. Sherwin Gatchalian welcomed the government’s move to station new fighter jets and two frigates at the former US naval facility in Subic Bay early next year.

“The facility is on the west coast of Luzon, just across the disputed Kalayaan group of islands. Security experts are right in saying that using Subic Bay would allow us to be more effective in responding against aggressive Chinese activities in the West Philippine Sea,” Gatchalian said.

“Positioning war planes and frigates in Subic Bay is a good move on the part of the Philippine military but it must be accompanied by increased acquisitions to modernize our fleet,” he said.

Gatchalian said that aside from boosting investments on military materiel, the government must also step up its security cooperation with other countries.

This is the first time the government will station forces at the former key US naval base, which was turned into an economic zone after it was shut down in 1992 following the termination of a bases agreement with the United States.

Subic Bay is only 145 nautical miles from Scarborough Shoal, which China grabbed from the Philippines three years ago following a naval standoff that lasted for three months.

[howie26] 03/1/2016 22:04

Sc55 is not in the disputed waters

[peter warner] 03/1/2016 21:43

ARE you having a laugh m8 anything in the south china sea and conflict is shockingly bad news wakey wakey worse than SOMALIA

[howie26] 03/1/2016 21:35

It's not near sc55

[peter warner] 03/1/2016 21:18

Vietnam protests after China lands plane on disputed Spratlys
On
Sun, 03/01/2016 - 12:33

[howie26] 02/1/2016 20:43

I see red emperor are in the data room for farming into a deal in Africa......now let's if this happens and we return to 3p +

[flyingbull] 02/1/2016 19:47

The monthly oil stock competition for January 2016 as well as the 2016 annual oil competition are still open for entries. Deadline for entries for both competitions is midnight this Sunday, 3 January 2016.


Happy and Prosperous New Year to All!!!

fb

[barony] 22/12/2015 15:16

Ok, let's get Georgia sold, pick up a cheap producer and wait for the qi study.

[barony] 08/12/2015 20:42

Thanks very much DYardley. Sounds like we are still in the game and must await next drill in the Philippines.

[dyardley] 01/12/2015 09:21

Wow.. The spread!I think something is imminent?

[lorn4] 23/9/2015 18:10

mmmm mostly sells today and the price going up, looks like a big buyer in the background. Wouldn't be surprised if there is interest in the Cinco licence hence the buying by Directors and their associates.