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
  +0.21p +7.69% 2.94p 309,683 13:42:37
Bid Price Offer Price High Price Low Price Open Price
2.52p 2.94p 2.94p 2.94p 2.94p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.16 -0.76 -0.18 12.5

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Date Time Title Posts
17/8/201810:40Red Emperor 201017,115
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 2.73p.
Red Emperor has a 4 week average price of 1.81p and a 12 week average price of 0.76p.
The 1 year high share price is 3p 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 322,047 shares. The market capitalisation of Red Emperor is £12,503,607.61.
simpletonremover: Thanks for the link, Gozo Interesting piece and the numbers crunched are appealing. "Cost Targets With the share of the company stake running at over 100mmbls on a successful drill the share price at a low price per barrel in the ground could be as follows. Pre drill – I hope to see the Mcap around 60-70mn or so. Or around 14p a share Successful drill – at target depth and prospect of 126mmbls achieved with good flow rates etc. I would like to see a Mcap of around 200mn or 50p per share and further market driven gains to around 300mn or 70p per share. This is only valuing oil in the ground at a few dollars and should be easily achievable. Buyout target. The conventional plays are running at around $20 per barrel for extraction and with oil at $75 a barrel then we can apply a target price of around 100mmbls x $55per barrel = $5.5BN total valuation overall, this may attract a buyout offer of 1.5-2bn for RMP’s stake. If my targets are met then a £1000 stake at 2p could be worth… At 14p predrill would be £7k de-risking £3.5k so £3.5k left in if drill successful then at 50p per share the remaining stake would be circa £12k… If this is the target of a takeover then per 1bn stake the cost per share could be around £2 per share or a one hundred bagger. If at the upper end target £3 a share plus may not be unreasonable. The majors are looking to buy high barrel prospects in this safe geopolitical area and Alaska has massive tax breaks and good infrastructure as we know with Repsol being next door it would actually lower their costs of production if they bought this prospect. I have contacted the company and hope to be able to interview them very soon to provide up to date information and get to know them better. I have taken a position but will be looking to add as and when I can. I plan to de-risk potentially a small amount predrill and will assess as I go along and let you know as the story progresses. Summary Good geopolitical area Good geology Good prospects for further drills to be planned Fully funded drill campaign Cash back from great bear upon key news items in due course Good cash position to cover normal administration costs Current low Mcap Low cash burn of £1mn per year Further resource upgrades will potentially happen as the 3D data set is further interpreted. These are just my thoughts on the company and are not intended as investment advice. Please use this however as part of your research into the company… happy investing…"
noirua: A jump in the share price through 'O' trading with no AT trades of late. The market cap around just £8m.
noirua: 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.
tomboyb: hmmm -
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.
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
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.
Red Emperor share price data is direct from the London Stock Exchange
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