RMP – Ice Road & Ice Pad Construction Nearing Completion

The Board of Red Emperor Resources NL (ASX/AIM: RMP) (“RMP”, “Red Emperor” or the “Company”), is pleased to provide a further operational update with respect to preparations for the drilling of the Winx-1 exploration well (“Winx-1”), located on the Western Blocks, North Slope of Alaska.

·      Ice road construction 99% completed

·      Ice pad construction 95% completed

·      Preparation for rig mobilisation underway

·      Spud of Winx-1 scheduled for mid-February 2019

RMP is pleased to announce that construction of the requisite ice road to the Winx-1 well location and the ice pad for the drilling of Winx-1 is nearing completion. Furthermore, with installation of the conductor having commenced and rig mobilisation imminent, Winx-1 is now scheduled to spud in mid-February 2019.

Drilling and testing of Winx-1, in a success case scenario, is scheduled to take approximately 50 days (see Figure 2). For further details please refer to the announcement of 31 January 2019 made by 88 Energy Limited (ASX/AIM: 88E) in its capacity as consortium operator.