X

Get our occasional Market Report emails

sent straight to your inbox

There’s no charge for this.

Getting latest data loading
Home / Red Emperor Shares

Red Emperor Shares

Red Emperor Resources is an Australia-based natural resources exploration company, headquartered in Perth, Western Australia. The company is dual-listed (Australia and London), with its shares quoted on both the All-Share segment of the London Stock Exchange’s AIM (Alternative Investment Market) as well as the ASX – Australian Stock Exchange. The company first sold shares in London with an IPO in June 2011.

The company was involved in projects in Puntland, Somalia and the Republic of Georgia, however, its principal activities are now focused on the identification and exploration of oil and gas in two very different areas;

The first is the Alaska North slope (Nanushuk well, 31.5% working interest in consortium; potential 400m barrels; share of work fully funded, drilling planned for early 2019). The Nanushuk oil-play fairway is regarded as one of the largest conventional US discoveries since the 1980s, the North slope having seen discoveries of more than 17bn barrels through 2018.

The second is in South East Asia (farm-in agreement for SC55, Southwest Palawan Basin, 10K sq km, with Otto Energy Philippines). This is a deep-water block in the middle of a proven regional oil and gas fairway extending from offshore Borneo to offshore Philippines. Red Emperor participated in a $25m exploration in 2015.

Red Emperor’s strategy is to become a successful exploration company in identifying and evaluating new oil and gas resources and other energy opportunities to generate value for shareholders.

Exploration for Oil and Gas exploration is an expensive and success-reliant business, especially when operating in deep-water. Those companies involved are constantly on the lookout for new and exciting prospects. The model, however, relies on being able to convert one project into cash as soon as possible, in order to be able to fund the search for and the exploitation of the next. It’s all about finding the big one, before the money runs out.

img
Latest Trading Opportunities

Upcoming UK100/250 Dividend List

View Friday 12 July 2024

Week in Advance: Monday 15th - Friday 19th July 2024

View Friday 12 July 2024

Week in Advance: Monday 8th - Friday 12th July 2024

View Friday 5 July 2024

Upcoming UK100/250 Dividend List

View Thursday 4 July 2024

Upcoming UK100/250 Dividend List

View Thursday 27 June 2024

Get our Market Report emails sent straight to your inbox

Don’t miss out on regular trading opportunities!

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.