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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

Comment by SigmaKappaon Nov 23, 2015 8:21am
196 Views
Post# 24315163

RE:RE:RE:I'm staring to believe the rumours for one reason.

RE:RE:RE:I'm staring to believe the rumours for one reason.
No company has a choice. Under IFRS impairment has to be tested when there is a trigger, in this case the future price curve has not moved back up so its not a temporary thing. As such, companies had to do an impairment test in Q3 and if future cash flows based on the new curve indicated impairment, they had to take it.
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