Share Name Share Symbol Market Type Share ISIN Share Description
Red Emperor LSE:RMP London Ordinary Share AU000000RMP0 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 0.9175p 9,778 11:44:23
Bid Price Offer Price High Price Low Price Open Price
0.755p 1.08p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.2 -0.8 -0.2 - 3.90

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Date Time Title Posts
12/6/201809:58Red Emperor 201016,986
07/11/201720:02New Asset on the Way13
14/6/201719:15RMP 0.5p. SHORT THIS SHITE TO 0.5P74
17/8/201508:30Red Emperor 2015 Fully Funded129
25/7/201205:43Feeling thirsty. Water anyone?-

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Red Emperor Daily Update: Red Emperor is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker RMP. The last closing price for Red Emperor was 0.92p.
Red Emperor has a 4 week average price of 0.76p and a 12 week average price of 0.68p.
The 1 year high share price is 1.50p while the 1 year low share price is currently 0.68p.
There are currently 425,292,776 shares in issue and the average daily traded volume is 30,013 shares. The market capitalisation of Red Emperor is £3,902,061.22.
nicky21: Guys you really need to check out COPL currently to buy 0.55p. A potential to be a multi baggar.It tried its luck in Liberia but failed to find any Oil.It is now concentrating in Nigeria.There it has partnered with Shoreline a Nigerian company. Copl and Shoreline have ventured together and created a company called Shorecan which is owned 50/50 by both.They have bidded for a Licence and are awaiting Approval and Transfer of Asset. The asset is OPL 226.Five wells have been drilled on OPL 226 by previous operators.A well drilled in 2001 encountered Oil. When all approvals are sorted then it will drill an appraisal well on the discovery in 2001.Financing for the drilling is meant to be secured for rumours are true. What is holding the share price back presently is NNPC approval. $60m was spent on this asset by the previous operator.the potential for Copl is huge. I know most of you gonna say its another Nigerian scam.IMO i think it is not.Presently we have 2 Nigerian companies listed on the LSE they are Egland Oil and Gas (market cap £250m) and Seplat Petroleum (market cap £850m) Copl management wants it to be a mid tier oil and gas company ie £250m-£500m All to play for.Current market cap for Copl is just under £10m.I think its one of the best plays on the LSE.
howie26: Red Emperor is an oil and gas exploration company. We have been involved in a number of opportunities since inception, all with other partners, to explore for oil. All of these projects we have invested in have carried a level of risk and a commensurate level of return in a potential success case. We have always advised the market of such but what we have also done very prudently, as a board and management team, is protect our most valuable commodity in tough times, our cash. We still have close to $12m AUD in the bank and we are 100% focused and committed to adding value for our shareholders by delivering an asset, or a portfolio of assets, which we hope can bring about a significant share price re-rating. Since early last year, oil prices have been depressed and are still, today, significantly so. We have deliberately not rushed into transactions with struggling energy companies who have looked to off-load their worst assets but keep their best ones as they battle to survive. What we are now seeing are far more and significantly better opportunities becoming available with continued depressed oil prices shaking loose the type of assets we are looking for. We are currently working on and reviewing a number of opportunities, including discussing a strategy with a known group to take advantage of our cash, this market and their technical and industry expertise. We look forward to updating the market at the appropriate time.
pottermagic2310: I can see how buying at the low of 0.85p a short while back, with the Share Price being more realistic at approx. 1.33p was a missed opportunity AND how some sort of outstanding News about a new prospect might boost things to somewhere between 2.5p and 4p (perhaps)... just nervous about the lack of Market appetite for this sort of Business generally in the current Climate, especially as I'm down already here. I'm going to stick to identifying new Opportunities in other Sectors for now I think.
howie26: Potter magic. It cost £2.5m to drill Hawkeye 1 which was only a third of the cash balance. The Rmp share price went to 5.5p. What do write downs have anything to do with it?? Puntland costs had to be written down on the balance sheet from historical cash spend. Why would Rmp need a fundraiser now with £6m in the bank? They burn cash at a rate of £100k a quarter that is probably one of the best on aim. Take note that between the uk and Aussie brokers they have loaded up with over 12% of the company, even Greg bandy has 3.5% of the company now. If anything it's time to load up at a share price below cash value, not an underpin you see much on a company where the sector is starting in recovery mode. The next roll of the dice will happen this year and, I am sure you will regret not getting in at these levels come year end
dyardley: There are strange goings on over at Red Emperor Resources (RMP). Since the company announced the failure of the Hawkeye-1 exploration well, it has issued half a dozen holdings RNSs in which three organisations, including its UK broker, Brandon Hill Capital, have been steadily increasing their notifiable holdings on the open market. Yesterday, the J&J Bandy Super Fund joined the party, declaring its 3.66% stake. Today the company’s share price has risen 8.37% to 1.27p, last seen. Does the market sniff that something is afoot?When I last covered Red Emperor I wrote that this is a stock to avoid. Today’s piece might seems like I am back peddling on this, but it would be foolish to ignore the recent flurry of buying, especially considering Brandon Hill’s participation. Brandon Hill now owns 6.47% of Red Emperor, having increased its stake in the open market. This is highly unusual and a little hard to explain.When corporate advisors take stakes in client companies they usually do so in lieu of fee payments. For Brandon Hill to have bought its stake directly on the market, this does suggest it is confident something is coming.It is also interesting that the buying has been going on over here, as well as in Australia. The J&J Bandy Super Fund paid for its shares in Australian cents, as did Seventy Three PTY, which now owns 5.33% of the company.Finally, there is the J&J Bandy Super Fund to consider. There was no mention in yesterday’s RNS that the J&J Bandy Super Fund has anything to do with CEO Greg Bandy, but it is worth noting this RNS from 2012. This described a change in director’s interest. This announcement declared an indirect interest for Mr “Gregory John Bandy & Mrs Jennifer Therese Bandy - beneficial holder.It could all be entirely coincidental, but if there is a connection between Greg Bandy and the J & J Bandy Super Fund, why not declare it openly in yesterday RNSFurther digging is definitely required, but if it turns out insiders are buying this stock this will beg the obvious question, why?- See more at:
tailgunner2: AIM bugs the life oota me....... Here we have good news that drill ship arrived and almost ready to start drilling, and down share price goes. I got another company where a non exec director sells 3.5 million shares indirectly thro a company ( that he owns) and share price goes up....... Couldn't make it up......
hazl: Can I just add that the Otto share price has risen in tandem with the RMP share price which would suggest that the market likes the current news rather than the reverse? IMO
red rook: Regarding the RMP action group My personal holding is not large (51,476 shares), but I fully support the RMP action group. What is important is to have a core of PIs who are willing to take action. IMO if an EGM can be called it will require only around 5%- 7% of PIs to carry any resolution. Further, I think there must be a lot of PIs like myself who read the BBs and do not post regularly, but will support action if it came to a vote. Regarding Brady's New Ventures/Farm-Ins alluded to on the LSE-BB I think that the Action Group should make crystal clear to Bandy that RMP PIs will not tolerate any deal where Bandy tries to imitate his mate Peter Landau - formerly of RRL. I think that there are a fair number of RMP PIs who like myself are also holders in RRL. I would want to know if any of the deals he is contemplating will involve RMP money going into a Landau / OKAP company or one of this other mates companies. Anyone familiar with the IOP con perpetrated by Landau on RRL shareholder's will be know what I mean. RMP still has a fair amount of cash, around £5m. If used properly in the current economic climate, where cash is king, RMP can pick up good bargains. These should benefit RMP shareholders and not Bandy's mates. Further, if he is committing to a venture/farm-in shortly then he must have been in negotiations for a few months now. Surely, with the current economic / oil-price slump, which is still ongoing, the terms of any such deal are already obsolete. Certainly a better deal, with better terms for RMP, could be obtained in a couple of months time. Regarding Bandy Pay Rise Bandy needs to justify how he has the gall to give himself a raise when the RMP share price has been obliterated. If anything the BOD should have suspended their salaries to further preserved cash whilst the company is effectively in limbo.
linton78: From Share prophets: Red Emperor Resources (RMP) was one of the hottest shares on AIM back in 2012 but is now looking distinctly unloved. Back then it was in the process of drilling two wells in the autonomous Puntland region of Somalia and potentially targeting billions of barrels of oil in a war-torn part of the world where there had been no exploration for many years. The share price hit the dizzying heights of 50p and large volumes of shares were traded every day, then it failed to find any oil and it turned out that the old seismic interpretations that were being used could be flawed, causing the share price to crash, and for some time now it has been trading at around 3p. The political situation is volatile and has so far prevented any drilling from taking place on the Nugaal licence, that looks to have the best chance of striking oil – the company has a 20% share in all of its Puntland licences alongside partners Horn Petroleum (60%) and Range Resources (20%) – and currently there are no fixed timelines for a return to the Dharoor area of the previous two drills either. The company has been busy shooting new seismic data on Dharoor to better identify future drill sites, although it could be some time before the drill bit enters the ground again. You are now probably thinking 'why on earth would I want to invest in that' but I believe that the current share price gives enough potential to make it worth the downside, of which there would seem to be little currently in the absence of any bad news and given that it has formed a base in the 2.5-3p range. Despite the difficulties in the region, the tens of billions of barrels of oil which are believed to be beneath it are attracting some of the biggest players in the industry again, including Shell and ENI which both pulled out in the late 80s when the war began and have now indicated that they want their licences back in Somalia to re-commence operations. Any other drills – or even just fixed plans to drill - in the region in the meantime by other operators would also have a knock-on effect to the share price here, if they were to find oil in commercial quantities you'd see a substantial rise, and given the low starting point any duster would be unlikely to cause much of a drop. Aside from Puntland, Red also has a share of a number of blocks in Georgia offering the potential for both oil and gas, some of which would be targeted by shallow drills that are quick and lower-cost, and there is talk that it is currently seeking a partner to farm into that and cover the initial costs of getting things moving, given that it is a couple of years since the last drill there. In terms of funding the company has more than enough to keep it going until any operations commence – it had over A$11 million in the bank at the last quarterlies and was burning cash at a rate of A$647,000 per quarter - at which point if it does need to raise further funds it would likely be at a higher share price than today anyway. For me this is a share to buy whilst it is relatively cheap, and then just hold until there are developments in Puntland and interest returns, as the share price here can move very fast once it gets going and could easily be multiples of the current level on the right news. But you also need to bear in mind the high risk and political instability, so it isn't one to put your life savings in!
snurkle1: This was posted on iii by Bel. Makes much more sense. Share price on commerciality will depends on No of Oil recoverable (plus some hype for knowing shabeel-N will be a gusher too which you can't really factor in). BUT here is an estimate to what to expect based on £3 a barrel 258m shares in issue 5% due Hype from Shabeel-N Reco Oil (total).............100mbbl....300mbbl.......500mbbl........1bbl...............3bbl Reco Oil Net to RMP.......20mbbl......60mbbl........100mbbl.......200mbbl.........600mbbl RMP Share price............25p............75p...............122p..............244p...............750p The above is give or take 0.5% for rounding up too Hope this helps Moral of the story is this is no longer a Duster drill we know we have 20m Net pay that should be commercial and will underpin our share price to 25/30p so risk is almost gone now....but lets hope we get 4 Pay zone with about 200m Net Pay and Get rolling towards 250p in few days... Bel
Red Emperor share price data is direct from the London Stock Exchange
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