Red Emperor classed as "cash shell" company

AUSTRALIAN oil and gas company Red Emperor Resources is facing an ultimatum – find an active asset to prove it is an exploration and production business – or face being delisted from the London Stock Exchange AIM submarket.

Red Emperor classed as "cash shell" company Red Emperor classed as "cash shell" company Red Emperor classed as "cash shell" company Red Emperor classed as "cash shell" company Red Emperor classed as "cash shell" company

 

The smallcap oil and gas explorer recently relinquished its interest four blocks on the North Slope of Alaska, and currently does not hold an interest in any titles or tenements, which the