Post by
anthony3 on Oct 12, 2016 12:09pm
scotoa bank..How could i Have missed this months ago lol
Latest Research (25 May 2016)
OUR TAKE: Based on the early results from RMP's 3-22 Gold Creek Montney well, we see oil deliverability modestly below our previous expectations (primarily based on offsetting CIOC wells) and a higher gas to oil ratio (resulting in higher overall productivity). While we expect our estimates to evolve with more results from the play, our updated economics and valuation for the play are largely unchanged at this time. We view the acquisition of land and infrastructure as good value and believe it sets up RMP to focus on further drilling and testing at Gold Creek beginning this winter. We continue to view longer-term production and additional exploration/delineation results from Gold Creek (likely 2017 events) as key catalysts for the stock. We maintain our SP Rating and $1.70/share target price.
Comment by
Ultymatwarrior on Oct 12, 2016 5:29pm
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