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Last A$0.07 AUD
Change Today -0.001 / -1.45%
Volume 726.2K
As of 1:54 AM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

red emperor resources nl (RMP) Snapshot

Open
A$0.07
Previous Close
A$0.07
Day High
A$0.07
Day Low
A$0.07
52 Week High
05/13/15 - A$0.07
52 Week Low
12/2/14 - A$0.03
Market Cap
22.6M
Average Volume 10 Days
449.4K
EPS TTM
A$-0.09
Shares Outstanding
332.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RED EMPEROR RESOURCES NL (RMP)

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red emperor resources nl (RMP) Details

Red Emperor Resources NL identifies and explores for oil and gas properties. It holds 20% working interest in the Georgian project, which covers an area of approximately 6,500 square kilometers located in the Republic of Georgia; and the Puntland project that consists of two exploration licenses covering an area of approximately 30,000 square kilometers located in the Dharoor and Nugaal valleys, Somalia. The company is based in West Perth, Australia.

red emperor resources nl (RMP) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$180.0K
Compensation as of Fiscal Year 2014.

red emperor resources nl (RMP) Key Developments

Red Emperor Resources NL Announces Execution of Drilling Contract with Maersk Drilling

The board of Red Emperor Resources NL announced 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. The joint venture can confirm that the drilling window will be between 17 July and 15 August 2015. 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. The well is expected to take around 23 days to drill. Final costing for the well is being completed with the majority of services already contracted. The total expected cost remains within guidance of USD 30 to USD 35 million. This cost is a dry-hole well-cost estimate - if the well encounters hydrocarbons more detailed evaluation, including well logging, will be undertaken. Red Emperor's well-cost exposure is capped at USD 5.625 million. SC55 is located in the southwest Palawan Basin and covers an area of 9,880km2. It is a deep-water block in the middle of a proven regional oil and gas fairway that extends from the productive offshore Borneo region in the southwest to the offshore Philippine production assets northwest of Palawan. The Hawkeye prospect was identified on 2D seismic in 2007 and further defined with a 600km2 3D seismic acquisition in late 2009.

Red Emperor Resources NL Reports Consolidated Cash Flows Related to Operating Activities for the Quarter and Year to Date Ended March 31, 2015

Red Emperor Resources NL reported consolidated cash flows related to operating activities for the quarter and year to date ended March 31, 2015. For the quarter, net operating cash flows used were AUD 348,000. For the year to date, net operating cash flows used were AUD 902,000.

Red Emperor Resources NL Announces Update in Relation to Georgian Project

Red Emperor Resources NL announced the update with respect to its Georgian Project. Despite Red Emperor again being advised last quarter by the operator, Strait Oil & Gas, that an agreed drilling program and a valid drilling license was in place with the Georgian Oil and Gas Ministry, drilling activity is yet to commence in Block VIb. Whilst a drill rig and all required services remain available, Strait's major shareholder, Range Resources Limited (Range), who are obligated to fund the drilling program and the costs to the end of Phase III of the Production Sharing Contract (PSC) on behalf of the Joint Venture, has been focused on the disposal of the asset as opposed to continued further investment. Red Emperor understands that representatives of strait will be negotiating to extend the PSC that covers Block VIb, which was due to expire in March 2015, however there is no certainty that such an outcome can or will be achieved. While Red Emperor is hopeful that it will, in the meantime the company continues to stand by its position with respect to Range's obligations to drill a second well and cover the costs of Phase III on Block VIb, which formed part of the drilling program contemplated in its 2011 Subscription Agreement.

 

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Valuation RMP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 31.4x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 21.6x
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