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Red Emperor Resources

E-mail from Horn today

Informed Discussion. No ramping. No deramping.

E-mail from Horn today

Post Fri Feb 07, 2014 3:16 pm

We are in talks with the new government to try to determine when it will be possible to get into region to resume our work program (we want to shoot additional seismic and also drill) – in addition there is some difficulty getting drill contractors willing to work in the region at less than ridiculous prices. We’re optimistic though that we’ll find a way to get in and carry out a drill program like we did before.
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Re: E-mail from Horn today

Post Thu May 22, 2014 5:25 pm

Well , there have been some updates since this post with CEO change @ Horn as well as murmurs of JV and/or acquisitions by Horn.

If oyu tie -in with Lundin conspiracies , then you will know the Lundins will most likely look to perk up Horn in some fashion....whether that be getting increased direct stake in Horn for x shares , giving Horn a couple million for next two drills....or perhaps AOI farming-in directly to JV for a large stake and letting Horn have a free carry ( other partners would probably still need to fork out something)

Well , guess we will find out soon enough , but the speculation will only increase as we near the dates when the PSA expires ( Oct 2015!!)

Heres hoping for some drills in 2015 in Punty! :)
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