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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 Aug 16, 2017 5:22pm
199 Views
Post# 26589543

RE:RE:Exactly what I said 2 months ago...

RE:RE:Exactly what I said 2 months ago...Thanks Anon - I try to share my experience and perspective on this board as best I can. I am a shareholder and I happen to like a lot about RMP's assets and some of the actions taken this year (notably establishing Elmworth production to start getting a solid handle on that area).  I am certainly open to taking criticism - I don't know everything that's going on so I want to hear others on this board.  That's what I like about this forum - we can share opinion and chew the fat on what we do and do not know.  Personally I wanted Josh Young at the AGM to offer the shareholders more than just watching him read the absolute bare minimum standard meeting script - I felt disrespected and I'm sure most other shareholders felt the same in that room.  We deserved to know more.  And I was interested in Waskahigan like Seppelt - which is why I asked about the status of the newest Hz (which was not covered in any news release) and their drilling plans in the area.  I was given the assurance that they can hit the ground running on planned locations with improvement in commodity prices.

Like pretty much every oil and gas company in Alberta RMP is ultimately ruled by commodity prices.  They have a brand new team just barely half a month into it - one we don't know - and they will have to prove themselves to gain investor trust or the SP will continue to suffer.  Part of that trust improvement is giving much more complete information on activities and results. I do believe the assets if managed right will establish value.  And like you Anon I think prices will improve somewhat toward the end of 2017.  That does make me an optimist, sure, but I've done and seen enough to know there is reason for optimism.
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