Red Emperor is frustrated by the slow progress surrounding the ratification of interest increase in SC 55. The company is now considering the merits of maintaining its presence in the block and is considering the possible sale of its 37.5% stake in the 9,913-sq km offshore unit which contains the ready-to-drill Cinco gas prospect. Currently Palawan55 E+P (op), partners Century Red + Pryce Gases.  
Red Emperor (Palawan55 E+P (op), partners Century Red + Pryce Gases) is frustrated by the slow progress surrounding the ratification of interest increase in SC 55. The company is now considering the merits of maintaining its presence in the block and is considering the possible sale of its 37,5% stake in the unit which contains the ready-to-drill Cinco gas prospect. 