RMP ENERGY INC T.RMP

sell me RMP

[BigWillie]

Hello every one. Someone mentioned applications for two holes. I am trying to do a simple math, with both holes in full production, and oil prices recovery to 60 (lets dream big), buying RMP just barely makes sense, with all assumptions, considering risk/return.

[Equalizer]

wRONG YOU WANTED TO BUY LSAT WEEK SELL TMRW AT .74 

[Resilience]

2 holes will be drilled still this year and there's one Gold Creek well behind pipe. All wells will only be tied in end Q1 2017. 2017 will also see 1 more Gold Creek well and 4 Waskahigan wells. The Gold Creek well already drilled tested 1100 boepd 300 oil - so 2 wells is 2200 intital rates. Come Q2 2017 RMP will have 5.000+ boepd production @ $ 60 oil gives roughly $ 45 mln cf at a

[Seppelt]

I would also add Nuvista to your list. In its Q3 report issued last week it confirmed will be targeting Gold Creek. In the meantime, RMP just confirmed closing the sale of Ante Creek. 

[ditchdigger251]

Thanks 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&