Red Emperor Resources (RMP.asx)

AP_MAN

if any one still holding HRN, good luck, up 20% Yesterday and up 50% today, buT WHY?

Thargor

1.38 million traded and its not even lunchtime over there.

Thargor

Jesus Christ A Primal Nut I nearly choked on my chips, those are Trinidad flowrates for Range Resources, Horn are Puntland only.

turbobaby

This kind of price action is further evidence that the guys running HRN are just shy of being criminal in my opinion.
If they turn round and tell us that there is in fact 12-20m net pay in S1 I will go mad...

Grecco

turbobaby wrote: »

This kind of price action is further evidence that the guys running HRN are just shy of being criminal in my opinion.
If they turn round and tell us that there is in fact 12-20m net pay in S1 I will go mad...

No it looks like the net pay is 18 to 35m,
There not shy of being criminal
they ARE ALL CROOKS

A Primal Nut

Thargor wrote: »

Jesus Christ A Primal Nut I nearly choked on my chips, those are Trinidad flowrates for Range Resources, Horn are Puntland only.

****e, sorry about that just seen the thread title and some of the messages briefly, should pay more attention next time haha.

turbobaby

Where are you hearing that Grecco?

alanceltic

alanceltic wrote: »

To be honest not really a surprise but it would have been a nice surprise to get something out of it, hope beyone hope really. To be honest I am more disgruntled with the politics which have been played by all 3 (Horn/Range/RMP), the sham that was a strike on the first drill (working petroleum system, seal, etc etc) and then the bullsh*t RNS on the second drill. We were repeatedly spun lies from the minute the first drill hit the sod, PL kept mentioning we had a discovery on the first drill, wasnt it convenient that the testing equipment was AWOL for such a long time so they could hide behind the fact that it wasnt commercial, all highly orchestrated in my opinion and I expected more from Horn.

If there is any truth in the current rumours I will be well pi$$ed off. 2-3 weeks ago I felt that we were all played and it certainly looks like we have been played and played again. If there is indeed a commercial discovery at SN some serious questions will have to be answered. People have sold out (not me) on news of a duster and some people are going to be very unhappy.

Grecco

turbobaby wrote: »

Where are you hearing that Grecco?

Its all the rumors flying on the BBs, another rumor is that they are about to sell off Puntland rights!! Who knows, but its too risky for me at the minute as it could be a pump and dump

turbobaby

I don't have a problem with MMs playing games and I can even stomach leaky news about a drill because I speculate on a drill and then wait for the RNS.

Oil to water and back to oil, in official RNS would be a step too far, even for the wild west that is AIM.

neil.p.b

0% chance that it'll be water to oil.

They may have returned to S1 to test but i would think that is unlikely. I'm assuming it's access to Nugal or more likely a raising at a higher price.

turbobaby

I was referring to S1, but didn't make that clear, sorry! I invested on the premise that they had found net pay at S1 and were 70% sure it would flow.

Then with the discovery that the equivalent sands in SN held fresh water, it was decided that S1 was not worth re-testing. What I mean is that if they actually go back and test it now that a President is in place I will be bitter!

Thargor

From The Count on GiftedGenies board:

Stockholm presentation by KH last night confirmed horn out of cash
will need farm in partner in order to proceed with any drill program
in Puntland, requires seismics. KH stated AOI trying to distance
themselves from horn as they do not want their sp dragged down!!
Looks like well into 2013 before chance of any more drilling.
Looks like KH was confirming significant delay before any further
drilling in Puntland. Here is link for the important part of keith
hills presentation from last night Stockholm 13 Sep. Unfortunately,
horn confirm they are de-mobilising rig and they need to find a new
farm-in partner as they are down to their last $5 million. Don't
expect any drills till mid to late 2013 at earliest.

first 8 minutes are the most relevant

http://www.youtube.com/watch?v=bbFRNgXRB8Q&feature=BFa&list=PL-k3WgXSFaVy2clbzxJ

HRN possibly in for a hammering this afternoon, RMP currently down 11.28%

AP_MAN

they did again, sp went to 40c+ on no news and pulling back now... manipulation at its peeks !!!!

turbobaby wrote: »

This kind of price action is further evidence that the guys running HRN are just shy of being criminal in my opinion.