akaDolly
21 Jul 2017
Needs investigating Companies shouldnt be allowed to get away with this lack of activity. Its about time Bandy got this movingWhats he waiting for, a gig in North Korea?
Shareshopper1
19 Jul 2017
Re: First trade in 5 years!! Sorry guys, just had to do it!...kiss off death for my wealth but who knows. Had the guts to make the move with my final holding of RMP, moved across to UKOG.May be back here one day if I have any money left lol!atb
Shareshopper1
18 Jul 2017
First trade in 5 years!! Yes, I've gone and done it. I've sold half here to go to UKOG. We're only talking a few hundred quid but I just had to take control at long last. Totally peed off at the way this company is being run for the benefit of the directors and the stagnation is killing me. Feel liberated tbh at having done this right or wrong. I know have an interest in a fresh company once again.gla
Shareshopper1
17 Jul 2017
Quarterlies due any day. 29.07.16 this time last year so not long to go. Have never experienced anything like the stagnation here. Unbelievable
Shareshopper1
12 Jul 2017
How can this stay... ..so dormant for so long??
podgy1
16 Feb 2017
well been 4 months But ticking up on small volume, short term 2p.More cash than share value.
podgy1
29 Sep 2016
Plenty of cash Just need some significant news to brake the stagnant share price and reduce the spread.
podgy1
28 Jul 2016
425 million shares were booking @ 2.63p cash. Be nice.............that would get me way above break even. needs Ramping, Lol
neilh1979
17 Jun 2016
Re: Philippine interest to rise from 15%... So Red Emporer get their percentage?"As announced previously, Otto Energy Limited (ASX: OEL) has advised the JV of its intention to exit the Block SC 55 as part of its strategy to focus on its North American assets. Red Emperor intends to have its full, proportionate interest be assigned and as a result its working interest will increase from 15% to 37.5%".
goldielockandthethreebears
17 Jun 2016
Re: Philippine interest to rise from 15%... Looks like I can answer my own question. The below is from Otto's announcement today:Otto has indicated to the remaining joint venture partners that it will not continue with further activity in SC55 and will assign its working interest to the remaining joint venture partners. Documentation to give effect to this assignment is being finalised.My next question is, are they giving this away to the JV partners (I've not seen any mention of money changing hands)?
goldielockandthethreebears
17 Jun 2016
Re: Philippine interest to rise from 15% to... Looking back at previous announcements, when RMP first stated Otto's intention to withdraw, they referred to having the option to take a higher stake on a pro-rata basis. Does anyone know if RMP taking an increased stake was on Otto's exit or simply Otto would sell RMP a percentage?I ask as if it were contingent on Otto exiting then for RMP to have increased their stake means Otto must have a buyer for their stake. If RMP could exercise this option at any time then it is not significant.Either way, I suppose the 2 year moratorium extension does now make it possible for Otto to sell their stake, as before nobody would buy in as without the extension the licence would be lost.
Oilman77
17 Jun 2016
Philippine interest to rise from 15% to 37.5% E-Lodgement SC 55 – MORATORIUM GRANTED 17th June 2016 Red Emperor Resources NL (ASX | AIM: RMP) is pleased to provide the following update with respect to Service Contract 55 (SC 55), offshore Palawan Basin in the Philippines. Red Emperor has been advised that the Joint Venture (JV) has formally received approval from the Philippines Department of Energy for a two-year moratorium, until 23 December 2017, on required work activity under Service Contract 55. During the moratorium period, the consortium will conduct specialised geophysical studies in the area surrounding the Hawkeye Prospect which encountered gas shows when it was drilled last year. Although the Hawkeye well did not encounter gas in commercial quantities, it proved the presence of an active petroleum system in the contract area which hosts the “Cinco Prospect” as well as several other leads. As announced previously, Otto Energy Limited (ASX: OEL) has advised the JV of its intention to exit the Block SC 55 as part of its strategy to focus on its North American assets. Red Emperor intends to have its full, proportionate interest be assigned and as a result its working interest will increase from 15% to 37.5%. In conjunction with Red Emperor’s commitment to SC 55, the Board continues to review and evaluate new opportunities it believes could compliment the current assets in the portfolio. The Company looks forward to providing the market with more information on these potential opportunities as they develop.For and on behalf of the Board.Greg Bandy. [link]
KNEES
30 Apr 2016
Re: No immediate news could it be JV with FRR ? they are strapped for cash, and we have it, we have Georgian history , I like the connection, as I am in both, wishfull thinking, but you never can tell.Crystal ball anyone.............................
Shareshopper1
23 Apr 2016
Re: No immediate news ''''But something could well be up in the longer run as Bandy has been adding at current levels which is encouraging.''''''From Rothstein's post 30.03.16 - 07.37...hey fancy that, Bandy allegedly been adding a short while before this is miraculously up to 1.51p....what great timing!aimho
retirementfund
23 Apr 2016
The next pump...and ... Looks like things are slowly warming up. Perhaps time for the next pump and...lets home dump.
