RE: Good Q? News out. In spite of production limitations resultant of 1) lack of gas processing, 2) the Waskahigan battery upgrade is not yet finished, and 3) need to truck the oil in from Ante Creek, the following is extremely encouraging:
The Company's production for the month of October 2012 averaged approximately 5,600 boe/d, weighted 48% light oil and NGLs, as based on field estimates. Current production is approximately 6,000 boe/d (based on field estimates), weighted approximately 50% light oil and NGLs. RMP's year-end 2012 net debt is estimated at approximately $75 million, with significant un-utilized credit capacity of approximately $35 million heading into 2013.
We can only imagine how good things will be once these see improvement.
Of course, WTI back at hundred bucks would not hurt either.
Larsen