Red Emperor Resources Nl Share Discussion Threads

[flyinggogo] 12/7/2018 14:36

Nice! What happened at 11am, looks like a large tranch of buys went through?

[noirua] 12/7/2018 14:27

New target price on second runup 2.65p - 3.25p.

[noirua] 12/7/2018 14:15

A jump in the share price through 'O' trading with no AT trades of late.

The market cap around just £8m.

[barony] 05/7/2018 09:30

Good event to look forward to. I hope some of you Londoners will attend and report next week.

[simpletonremover] 03/7/2018 10:34

Interesting, about the Horseshoe Field adjacent to the four conventional oil RMP licences:


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Over the last four years, the venture has drilled 16 wildcat and appraisal wells on the North Slope resulting in a 100% track record of finding oil with most wells having oil pay in multiple zones.


Third-party engineering firm DeGolyer and MacNaughton reports C1 reserves of 497 million barrels of oil (MMBO), C2 reserves of 1,438 MMBO and C3 reserves of 3,758 MMBO. These "Contingent" reserve classifications would be converted to Proven, Probable, and Possible where appropriate upon the final investment decision.


"Armstrong and Repsol's North Slope project is representative of the new movement in Alaska where smaller independents work and operate in areas previously dominated by major oil companies," said Bill Armstrong, President of Armstrong Oil & Gas, Inc.

"As an example, the two most recent developments on the North Slope are operated by independents: Oooguruk Field developed by Pioneer Natural Resources and the Nikaitchuq Field developed by ENI. Both fields were originally generated and assembled by Armstrong Oil & Gas, Inc.

With oil flowing through the Trans-Alaska pipeline at about 25% of capacity, Alaska is working hard to attract new oil and gas companies to the state. A new competitive tax regime is now in place along with a pro-development mindset."

[kirk 6] 02/7/2018 17:22

Good day here reckon we will rise back over 2p

[cashandcard] 29/6/2018 10:27

Noirua,


The licensed area already has a legacy well that encountered oil in Shublik formation and others too. It looks to be on the flank area of the reservoir sands they are targeting. The key will be for an independent evaluation, not just Otto's in house reading.


Regardless, with a working petroleum system on the licensed area, within a geological stone-throw from the major Horseshoe discovery, and at this marketcap, I'm happy to give it a chance. High risk but also potentially very high rewards.



Cash

[noirua] 29/6/2018 10:22

As previously posted:

[noirua] 29/6/2018 10:20

The share price has crumbled and considering the Alaska prospects now look very cheap. A recent find of 3 billion barrels of oil points to how much is down there - last drilling showed triple expectations.

[nicky21] 27/6/2018 21:20

buy clon


The Sage27 Jun '18 - 09:54 - 7868 of 7882
0 0 0
Is anyone going to the AGM on Friday? I normally go but this year I can't make it due to family and health reason. I heard a whisper that they might be close to signing a deal in Ghana. any feedback would be much appreciated.

[nidgeyr] 27/6/2018 16:39

Well let's hope your ! right been in the company for a lifetime with GB's failures don't want this future to end up the same way!!

[simpletonremover] 27/6/2018 15:24

This is a conventional oil drill, which would have a small number of highly productive, free flowing, oil wells, which is nothing like the unconventional oil shale that 88e have been trying to extract oil from in their other assets.

[nidgeyr] 27/6/2018 14:10

Cannot believe we have teamed up with a company that drill dusters!Down we go.......

[jace86] 26/6/2018 18:54

There has been periods during trading that has seen the spread become narrow. When it peaked yesterday everything went quite nice and tight. Then selling started and it increased.

[noirua] 26/6/2018 18:00

The MM's big market spread is putting off investors here. Easy to lose 25% quite quickly so traders may be very wary. The opportunity looks enormous and large investors should latch on to all this shortly.

[senn1] 26/6/2018 17:48

Definitive agreement within 30 days, also will give a boost

Then the big orders will pile in if still around this silly level.

Senn.

[ride daice] 26/6/2018 17:32

The australian connection to Bill Armstrong is quite interesting is it not ?

[senn1] 26/6/2018 17:12

Also market will be waiting for news end of July for bond payment this has to be paid before 31st July then I would see a rerate past 3p

Senn

[senn1] 26/6/2018 17:09

Further encouragement that the prospect will be found oil bearing is provided by the presence of oil shows seen in the adjacent Itkillik River-1 well drilled in 1978. Here oil was observed during drilling at multiple levels within fine grained sediments.

Buy on any dips and wait for 9p min before drill starts.

[senn1] 26/6/2018 16:57

Looks like this will be played for a while mms know there are some stale users wanting out but also some large buyers wanting in. Great time to accumulate as market cap will be 50 mill come early next year

Senn.

[nicky21] 26/6/2018 13:53

cannot beleive the market has not yet picked up to the news.

[nicky21] 26/6/2018 13:44

ouch down 23%

[nicky21] 26/6/2018 13:06

LTHs bailing out on yesterdays news.
important news is we are fully funded for the drill and i think still have cash left over.