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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 Oct 20, 2017 3:18pm
151 Views
Post# 26838328

RE:RE:Disposition Closed

RE:RE:Disposition ClosedOne wonders if Iron Bridge isn't referring to wells, pipelines and facilities that's going to realize value from their Elmworth Montney lands.  Now with the balance sheet cleaned up and core assets simplified the team's now focused on executing to prove up potential, increase production and preserve land holdings.  You're right, BF, that the IBR dream team has to execute.  But if they do it opens up a lot of possibilities not the least of which is a take out by a much larger suitor looking to replace sold off conventional assets.  With WTI working its way over $52 and beyond the next two quarters will be an exciting and hopefully most accretive time.  Oct 24th update coming soon.  It will be nice if they were able to proceed with tie-in ops on the new 15-23 well.  The two 2018 Hz loc's from the Sep 13th presentation appear to be in reasonable proximity to the existing 8-25 well so there could be sufficient production to economically justifiy simultaneous tie-ins for all three and create a second production hub to expand out from.  With all the competitor activity surrounding the lands this is a pretty hot lil area.  Having a good "iron bridge" between reservoir and rock will be key to realizing value.
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