Login to your account

Forgotten password? Click here
Click here to register
Login / Register
You are here:
Home
Share News
Red Emperor Resources jumps as partner signs drilling contract in the Philippines

Red Emperor Resources jumps as partner signs drilling contract in the Philippines

5th May 2015 13:59

Shares in Red Emperor Resources jumped over 30% on Tuesday, after the oil explorer said its partner in the Block SC55 project has clinched a deal for a drill ship to carry out work on the site.In a statement released on Tuesday, the London-listed company said Otto Energy signed a contract with Maersk Drilling to operate the Maersk Venturer ultra-deepwater drill ship, which will drill the Hawkeye-1 exploration well at the site in the Palawin Basin in the Philippines.The group added that it expected total costs for the well to remain within guidance of $30m (£19.8m) and $35m.Red Emperor Resources shares were up 36.73% to 3.35p at 14:15 on Tuesday.
Top Risers
Share Change
Sondrel Plc (SND)6.600%
Regtech Open (RTOP)2.2750%
R&Q Insurance (RQIH)2.050%
Kore Potash (KP2)0.6250%
Iqgeo (IQG)470.000%
Top Fallers
Share Change
Genedrive (GDR)2.000%
Borders & Sth. (BOR)2.180%
Petrel Resources (PET)1.750%
On The Beach (OTB)143.400%
Zenova Grp (ZED)1.800%
Top By Volume
Share Volume
Supply@me Cap (SYME)0.02450
Vodafone (VOD)73.280
Lloyds (LLOY)54.540
Kefi Gold (KEFI)0.720
Baron Oil (BOIL)0.06750

Copyright © 2024 - Share Compare

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.