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The Board of Red Emperor Resources NL (ASX/AIM: RMP) ( RMP , Red Emperor or the Company ) provides the following commentary on its activities and an Appendix 5B for the quarter ended 31 December 2020.
Corporate During the quarter, Red Emperor continued to evaluate potential deal opportunities, primarily in the global oil and gas sector. While mainly focused on exploration projects, the Board have continued to be very mindful of protecting the Company s balance sheet and by extension, shareholder value.
There were also a number of potential projects considered during the quarter in the wider natural resources sector outside of oil and gas cognisant that pursuant to AIM Rule 15, the Company is required to make an acquisition, or acquisitions, which constitute(s) a reverse takeover under AIM Rule 14, or alternatively seek re-admission to trading on AIM as an ....