Red Emperor Resources seeks new opportunities amid project struggles
25th Oct 2019 11:28
(Sharecast News) - Red Emperor Resources updated the market on its activities for the quarter ended 30 September on Friday, reporting that at the Alaska North Slope, its joint venture purchased additional regional 3D seismic data within the Western Blocks, with reprocessing and reinterpretation of the existing 3D seismic planned in order to assess further the prospectivity of the acreage.
Read moreRed Emperor, Pantheon, 88 Energy plunge on Alaska well woe
13th Mar 2019 11:36
(Sharecast News) - Shares in Red Emperor Resources, Pantheon Resources and 88 Energy all nosedived on Wednesday after testing of the Winx-1 well on the Western Blocks, North Slope of Alaska returned disappointing results.
Read moreRed Emperor losses widen as work at Alaskan and Filipino projects ramp-up
1st Mar 2019 12:26
(Sharecast News) - Red Emperor Resources saw losses widen in its last trading year, as it forged ahead with development prospects in the US and the Philippines.
Read moreRed Emperor Resources raises £2.8m in placing
8th Jan 2019 11:47
(Sharecast News) - Red Emperor Resources announced an oversubscribed placing to certain new and existing institutional and sophisticated investors, via its UK and Australian brokers on Tuesday, of 100 million new ordinary shares at an issue price of 2.8p each, to raise £2.8m before expenses.
Read moreRed Emperor Resources updates market on quarterly progress
25th Oct 2016 11:23
(ShareCast News) - Red Emperor Resources posted an update for the quarter to 30 September on Tuesday, confirming all relevant documentation for the transfer of Otto Energy's equity interest in Block SC 55 was prepared by Otto during the period. The AIM-traded firm said the documentation was also app
Read moreRed Emperor shares plummet after disappointing drilling update
17th Aug 2015 09:17
(ShareCast News) - Shares in Red Emperor Resources plummeted on Monday after the company said it failed to find any viable hydrocarbons in the Palawan Basin in the Philippines. The company said the first reservoir at the Hawkeye-1 exploration well was of "variable quality", while the second was a "p
Read moreRed 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 Maer
Read moreRed Emperor interim loss widens after $15m write-off in Somalian joint venture
16th Mar 2015 12:28
Oil and gas explorer Red Emperor said its first half pre-tax loss increased sharply as a result of a substantial write-off against its joint venture in Somalia. The London-listed group posted a first-half loss of $15.4m (£10.4m) compared with a $307,914 loss the year before, after one of its joint v
Read moreRed Emperor Resources surges on Georgian joint venture news
18th Feb 2013 10:59
The market reacted enthusiastically on news that Red Emperor Resources has entered into a joint venture coal bed methane (CBM) project in Georgia. The stock jumped by 18.4% before midday on Monday, as Red Emperor will start technical studies alongside ahead of an initial three or four well pilot p
Read moreRed Emperor continues to make progress in Puntland
31st Jan 2013 13:13
Red Emperor Resources, a natural resources exploration company with interests in the frontier state of Puntland, Somalia and the Republic of Georgia, reported progress during the final three months of 2012. The group said that during the quarter its joint venture partner and operator of its Puntlan
Read more