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RMP ENERGY INC T.RMP

"Iron Bridge Resources Inc, formerly RMP Energy Inc is a crude oil and natural gas company engaged in the exploration for, development and production of natural gas, crude oil and natural gas liquids in Western Canada."


TSX:RMP - Post by User

Bullboard Posts
Comment by larsen6on May 12, 2013 10:51am
147 Views
Post# 21369797

RE: RE: RE: RE: Map of new lands looks excellent

RE: RE: RE: RE: Map of new lands looks excellent

Call it old age, or distraction during the buying frenzy Friday.  My calculation neglected to include the percentage working interest.  The announcement says "The working interests in the purchased acreage range between 50% to 100%".  Let's be conservative and say the average is 65%.  This will take the added NPV down to $69.5M ($107M x 0.65), or about $0.7/share.   As well, the run on the stock started at about $3.90. Adding $0.7 to this, the stock is now worth (all things being equal) about $4.60 ($3.90 + $0.7).        Larsen6

Bullboard Posts