Red Emperor requests trading halt

Shares in Red Emperor Resources took a hit on Tuesday after the company requested a temporary suspension of trading in its shares on AIM ahead of an announcement relating to drilling on its Shabeel North well.

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Shares in Red Emperor Resources took a hit on Tuesday after the company requested a temporary suspension of trading in its shares on AIM ahead of an announcement relating to drilling on its Shabeel North well.

The firm's shares are currently already in a trading halt on the ASX index.

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Previous testing of upper levels had only confirmed water and no oil.

The share price fell 8.65% to 7.92p by 09:17.

NR

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