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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 Seppelton Oct 31, 2016 12:13am
115 Views
Post# 25404432

RE:RE:RE:RMP and the debt overhang...

RE:RE:RE:RMP and the debt overhang...ditchdigger,

First of all, it's a waste of time for you and RTP to comment or argue with posters who often make no sense. One dude all of a sudden wakes up and brings the issue of "high declines and debt" then another writes something about 'insider buying' and 'wishful thinking' ???
The thing is, RMP may issue a PR tomorrow and my wishful thinking is its a takeover or a non-core asset sale.

As far as your numbers, I think you are too optimistic about 100 bbls C+. For instance, NVA's typical curve in Gold Creek is about 60 bbls. Also, I am not sure about $60 WTI. Everything is possible but I am not betting on it. The 3 wells that RMP is planning in 2017 is to maintain lands, but I wish there will be an offer made by a larger company with resources to drill a lot more than 3 wells.
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