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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 ditchdigger251on Nov 15, 2016 11:51pm
349 Views
Post# 25466783

RE:RE:sell me RMP

RE:RE:sell me RMPThanks Resilence for showing with simple math and updated information that Dundee's $2.45/sh target for amazing Montney assets isn't a drug induced fairy tale (leave those to the Liberal Left trying their best to ruin this country and Alberta in particular).  I expect Canaccord's $1.10/sh target will be revised upwards once RMP shows they can consistently drill good Gold Creek Hz's (and in all probability improve them by watching adjacent operators).  Previously I was only expecting 3 tied in Gold Creek drills to the end of 2017 - the 4th well is a nice surprise and common pad location with two other wells makes the well a much faster and cheaper equip & tie-in.  I did a rough IP365 from RMP's Gold Creek type curve and got ~720 boed's.  The unrisked type curve is by definition the P50 expected performance (Proved+Prob reserves).  I find the 830Mboe's/Hz top tier compared to other Montney productive areas (especially liquids rich areas) and given the relative shallow true vertical depth compared to other high liquids yield areas like Kakwa will be much less capital intensive to drill and complete.  Evaluation of RMP's Gold Creek land base is required of course but at this junction it looks like the next year will set up tremendous increases in value that even crusty glass half empty analysts can't ignore.  Drill On RMP and try your hardest to get 'em right!
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