Red Emperor Resources NL (“Red Emperor” or “the Company”) is an ASX-listed (ASX: RMP) exploration company and is in the process of listing on AIM (AIM: RMP). The Company's principal activities focused on identifying and exploring oil and gas in Puntland, Somalia and the Republic of Georgia. The Company also holds a 25% free carried interest in the Jillewarra Project which it farmed down in November 2010.
 
In Puntland, Red Emperor holds a 20% working interest in two licences encompassing the highly prospective Dharoor and Nugaal valleys in 2011. These two exploration areas cover nearly 40,000km2 and have independently been assessed to potentially contain over 19.9 billion barrels of oil in-place. Red Emperor’s joint venture partner and PSA operator Africa Oil Corp. (TSXV: AOI) has signed a letter of intent with a drilling subcontractor and expects the first well to be drilled in Dharoor in Q3, 2011.
 
In the Republic of Georgia, Red Emperor has a 20% working interest in onshore blocks VIa and VIb, covering approx. 6,500km2. Joint venture partner Range Resources (ASX: RRS; AIM: RRL) has completed a 410km 2D seismic program with independent consultants RPS Energy identifying 68 potential structures containing an estimated 2.045 billion barrels of oil‐in‐place (on a mean 100% basis). Mobilisation has commenced with the first exploration well due to spud June 2011.