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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 12:57am
126 Views
Post# 25404461

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

RE:RE:RE:RE:RE:RMP and the debt overhang...OK. Here is another scenario. Sell the minority stake in Pine Creek to its operator, Peyto. Sell other assets, Gilby and Big Muddy. Combined with better cash flow in Q3 that should resolve the $100 mil. credit limit. Then, drill here or there to maintain lands and production and hope for higher oil and gas prices... Yes, it's possible but I'd rather see a transaction.
Lets hope we'll find out soon. There may be a few weeks extension given by lenders but I wish that's not the case. 
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