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Bullboard - Stock Discussion Forum 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 Discussion

RMP ENERGY INC > Smells very bad...
View:
Post by JackDeeValentin on Nov 02, 2016 12:27am

Smells very bad...

John has created tremendous value for investors

Spent $568m over past 4 years

Sells Ante Creek "for $114m" -- well since they recently spent $74m on Ante Creek Strategic Infrastructure the sale of production, reserves and acreage comes in at $40m

Infrastructure sold for cost

$4 for 2P reserves

Production sold for zero

69,000 acres sold for zero

anyone know if this was an "arm's length transaction"....."they were big on arm's length transactions" when acquiring for hundreds of millions

Suspicious for the past several years and some very odd public appearances, scuttlebutt from Canadian b/d's.....

doesn't help anyone, but once and awhile the rats pay a price.....
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