Red Emperor Resources NL Director/PDMR Shareholding (3398I)
23 November 2018 - 8:49PM
UK Regulatory
TIDMRMP
RNS Number : 3398I
Red Emperor Resources NL
23 November 2018
23 November 2018
Red Emperor Resources NL ("Red Emperor")
Change of Directors' interest
Red Emperor Resources NL (ASX/AIM: RMP) ("Red Emperor" or the
"Company") advises that following receipt of shareholder approval
at the Company's 2018 Annual General Meeting held on 22 November
2018, unlisted options have been issued to Directors. The change of
interest in the Company for Messrs Bandy, Bertolatti and Bontempo
are set out in the notifications below and made in accordance with
Article 19 of the EU Market Abuse Regulation 596/2014.
Notice of the Company's 2018 Annual General Meeting held on 22
November 2018 posted to shareholders on 16 October 2018 has been
available on the Company's website since that date.
1 Details of the person discharging managerial responsibility
/ person closely associated
a) Name TIZIANA BATTISTA, SPOUSE AND
PCA OF JASON BONTEMPO
--------------------------------- -------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position/status NON-EXECUTIVE DIRECTOR
--------------------------------- -------------------------------
b) Initial notification/amendment INITIAL NOTIFICATION
--------------------------------- -------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------
a) Name RED EMPEROR RESOURCES NL
--------------------------------- -------------------------------
b) LEI 213800WZ1MNQPOAKNU50
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
Description of UNLISTED OPTIONS
the financial
instrument, type
of instrument
Identification
a) code
------------------------- --------------------------
b) Nature of transaction
GRANT OF OPTIONS
------------------------- --------------------------
Price(s) Volume(s)
------------------------- ------------ ------------
Price(s) and
c) volume(s) $0.04 AUD 2,000,000
------------------------- ------------ ------------
Aggregated information
------------------------------------------------------------
Aggregated volume N/A
------------------------- --------------------------
d) Price $0.0001
------------------------- --------------------------
e) Date of transaction 22/11/2018
------------------------- --------------------------
f) Place of transaction AUSTRALIA
------------------------- --------------------------
1 Details of the person discharging managerial responsibility
/ person closely associated
a) Name AARON BERTOLATTI
--------------------------------- ---------------------------
2 Reason for the notification
--------------------------------------------------------------
a) Position/status NON-EXECUTIVE DIRECTOR
--------------------------------- ---------------------------
b) Initial notification/amendment INTIAL NOTIFICATION
--------------------------------- ---------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
--------------------------------------------------------------
a) Name RED EMPEROR RESOURCES NL
--------------------------------- ---------------------------
b) LEI 213800WZ1MNQPOAKNU50
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
Description of UNLISTED OPTIONS
the financial
instrument, type
of instrument
Identification
a) code
------------------------- --------------------------
b) Nature of transaction
GRANT OF OPTIONS
------------------------- --------------------------
Price(s) Volume(s)
------------------------- ------------ ------------
Price(s) and
c) volume(s) $0.04 AUD 2,000,000
------------------------- ------------ ------------
Aggregated information
------------------------------------------------------------
Aggregated volume N/A
------------------------- --------------------------
d) Price $0.0001
------------------------- --------------------------
e) Date of transaction 22/11/2018
------------------------- --------------------------
f) Place of transaction AUSTRALIA
------------------------- --------------------------
1 Details of the person discharging managerial responsibility
/ person closely associated
a) Name GREG BANDY
--------------------------------- ---------------------------
2 Reason for the notification
--------------------------------------------------------------
a) Position/status MANAGING DIRECTOR
--------------------------------- ---------------------------
INITIAL NOTIFICATION
b) Initial notification/amendment
--------------------------------- ---------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
--------------------------------------------------------------
a) Name RED EMPEROR RESOURCES NL
--------------------------------- ---------------------------
b) LEI 213800WZ1MNQPOAKNU50
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
Description of UNLISTED OPTIONS
the financial
instrument, type
of instrument
Identification
a) code
------------------------- --------------------------
b) Nature of transaction
GRANT OF OPTIONS
------------------------- --------------------------
Price(s) Volume(s)
------------------------- ------------ ------------
Price(s) and
c) volume(s) $0.04 AUD 6,000,000
------------------------- ------------ ------------
Aggregated information
------------------------------------------------------------
Aggregated volume N/A
------------------------- --------------------------
d) Price $0.0001
------------------------- --------------------------
e) Date of transaction 22/11/2018
------------------------- --------------------------
f) Place of transaction AUSTRALIA
------------------------- --------------------------
For further information please visit
http://www.redemperorresources.com/ or contact:
Red Emperor Resources:
Greg Bandy +61 8 9212 0102
Grant Thornton UK LLP (Nominated
Adviser):
Philip Secrett, Jen Clarke 020 7383 5100
About Red Emperor Resources NL
Red Emperor Resources NL is an Australian natural resource
exploration company listed on both the Australian Securities
Exchange (ASX: RMP) and Alternative Investment Market (AIM: RMP).
Red Emperor has oil and gas interests on the Alaska North Slope and
in South East Asia.
Red Emperor has executed Definitive Agreements with its
consortium partners 88 Energy Limited and Otto Energy Limited that
will see the Company participate in the drilling of a highly
prospective Nanushuk oil trend exploration well on the Alaska North
Slope in early 2019. The drill target is immediately adjacent to
and a direct analogue of the Horseshoe-1/1A oil well drilled in
2017. Horseshoe is part of the billion-barrel plus Nanushuk oil
play-fairway, one of the largest conventional oil fields discovered
in the US in more than 30 years.
Technical work on the Western Blocks has identified a gross best
estimate prospective resource volume of 400 MMbbls (126 MMbbls net
to RMP), and a geological chance of success of 25%-35%. The
estimated quantities of petroleum that may potentially be recovered
by the application of future development projects relate to
undiscovered accumulations. These estimates have both an associated
risk of discovery and a risk of development. Further appraisal and
evaluation is required to determine the existence of a significant
quantity of potentially moveable hydrocarbons.
Red Emperor also holds an equity interest of 37.5% of Block
SC55, which is located in the southwest Palawan Basin. SC55 covers
an area of 9,880km(2) and was awarded to Otto Energy Investments
Ltd (formerly NorAsian Energy Ltd) in 2005. 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.
Red Emperor participated in a USD $25m exploration well
(Hawkeye-1) within the block in 2015 and contributed in excess of
AUD $5m towards drilling costs. Over USD $50m has been spent
exploring SC55 to date and a number of drill-ready targets remain,
including the "Cinco" gas prospect which has a best estimate
prospective resource of 1.6tcf recoverable gas.
Red Emperor's Tenements
Tenement Location Area Structure
---------------------------- ------------
Alaska
Western Blocks North Slope, Alaska 92 km(2) 31.5%
Philippines
SC55 Palawan Basin, Philippines 9,880 km(2) 37.5%
---------------- ---------------------------- ------------ ----------
km(2) - Kilometres squared
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHGCBDBUSDBGIX
(END) Dow Jones Newswires
November 23, 2018 04:49 ET (09:49 GMT)
Red Emperor Resources Nl (LSE:RMP)
Historical Stock Chart
From Apr 2024 to May 2024
Red Emperor Resources Nl (LSE:RMP)
Historical Stock Chart
From May 2023 to May 2024