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Red Emperor Resources NL (RMP.AX)

RMP.AX on Australia Stock Exchange

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Red Emperor Resources NL announces placement to raise $5.76M
Thursday, 25 Jun 2015 04:15am EDT 

Red Emperor Resources NL:Announces an oversubscribed placing, through its London Broker, Brandon Hill Capital, and its Australian Broker, 708 Capital, of 72,000,000 new ordinary shares at 4 pence (A$0.08) per share to raise 2.88 million pound (A$5.76m) before expenses.Says proceeds from the raise and existing cash resources will principally be used to fund the upcoming drilling and potential appraisal activities in the Philippines, where the company has a 15 pct interest in Block SC55 in the southwest Palawan Basin.  Full Article

Red Emperor Resources NL announces execution of drilling contract with Maersk drilling
Monday, 4 May 2015 06:29pm EDT 

Red Emperor Resources NL:Advises that its Joint Venture partner and Operator of Block SC55, Otto Energy Ltd, has executed a binding contract with Maersk Drilling to secure the Maersk Venturer ultra-deepwater drill ship to drill the Hawkeye-1 exploration well.Says the joint venture can confirm that the drilling window will be between July 17 and Aug 15.Says prior to this window, the mobilisation of key services and equipment will have occurred and the Maersk Venturer will have sailed to the Hawkeye-1 drilling location.Says the well is expected to take around 23 days to drill.  Full Article

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