The ASX wrote to the player on Wednesday querying its share price, which was up 15.22% at AUS$0.265.
In response, Red Emperor said it was “not aware of any information concerning it that has not been announced and which, if known, could be an explanation for recent trading in the securities of the company".
The player said that its first exploration well in Puntland, Somalia is due to spud within weeks, with operator Africa Oil Corporation having contracted Sakson Drilling for the project and with site works completed.
“This
