Where did this money go? Q&A under a subpoena is reasonableSubsequent to the end of the first quarter on April 2, 2012, the Company acquired a 70% working interest in 7,840 acres (5,488 net acres) of undeveloped land in the Waskahigan area, including the Montney mineral rights but excluding the deep rights, from an arm's-length party for consideration of $8.5 million. This acquisition augments the Company's expansion of its Waskahigan light oil resource play.
On May 10, 2013, the Company announced that it acquired from an arm's-length party a total of 22.75 gross sections (16.0 net) of land in the Montney light oil fairway in the Ante Creek area of West Central Alberta, in exchange for 3.4 million Common Shares which were issued at a price of $3.96 per Common Share (the "Ante Creek Land Acquisition"). The working interests in the purchased acreage range between 50% to 100%. As a result of the Ante Creek Land Acquisition, on closing RMP held 28.75 sections (22.0 net) of land at Ante Creek and in aggregate, the Company held a total of 90 sections (82.4 net) of land from Grizzly, up through Waskahigan and including Ante Creek.
On October 21, 2013, the Company entered into a purchase and sale agreement with an arm's-length vendor providing for the acquisition of Montney light oil assets located in RMP's core areas of Ante Creek and Waskahigan in West Central Alberta for the purchase price of $38.0 million, subject to closing adjustments (the "Montney Acquisition"). The Montney Acquisition was completed on November 1, 2013. Pursuant to the Montney Acquisition, RMP acquired the 50% working interest which the Company did not previously own in an 11.75 section land block at Ante Creek and a 100% working interest in 14 sections contiguous to the northern portion of 10 RMP Energy Inc. – 2014 Annual Information Form the Company's lands at Waskahigan. The Company funded the purchase price of the Montney Acquisition through the 2013 Credit Facility
On December 17, 2015, RMP announced that the Company had accumulated strategic undeveloped land outside of its existing Ante Creek/Waskahigan light oil fairway. A total of 46 sections of Montney rights, with a 100% working interest, have been accumulated at Gold Creek in West Central Alberta. The Company drilled and completed an exploration well on this acreage in the first quarter of 2016.