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Red Emperor Resources

RMP - most followed today.

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RMP - most followed today.

Post Wed Apr 11, 2012 2:36 pm ... -0000.html

Oil and gas group Red Emperor Resources (LON:RMP) found itself at the top of the list of the most searched UK companies on Google Finance today. Interest in the company was sparked by today’s surge in its share price, which added ten percent to reach 42 pence by 1pm.
The share price movement was linked to speculation that the company is about to release an update from Puntland, where it is currently drilling the Shabeel-1 well with its partners Range Resources (LON:RRL) and Horn Petroleum.
A month ago, operator Horn reported that sandstone intervals in a 400 metre section of the Shabeel-1 well on the Dharoor block had exhibited oil and gas shows, confirming the existence of a working petroleum system.
Broker Fox-Davies Capital raised Red Emperor’s target price to 65 pence from 22 pence on the back of the update, while Panmure Gordon adjusted its estimate of the chance of success to 40 percent from 12 percent.
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Joined: Mar 2012

Re: RMP - most followed today.

Post Wed Apr 11, 2012 2:41 pm

LOL..Ive just posted exact link on RUM...
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Joined: Mar 2012

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