RMP ENERGY INC T.RMP

'weather-friendly' operating surface conditions

[Seppelt]

In the earlier press release RMP said:

"The Company hopes to have completed the tie-in of the Gold Creek 3-22 Well by the end of the first quarter of 2017. Infrastructure commissioning and corresponding timing of expected production additions at Gold Creek, however, is dependent on 'weather-friendly' operating surface conditions during this forthcoming winter."

"'weather-friendly' operating surface conditions" is probably a wish for a frozen ground, hard enough to move heavy equipment. The weather outlook for the next 2 weeks is brutal cold day and night. Hope not too cold for those in the field.

[anthony3]

 im still holding a position from 2.36, please someone tell if this company is going to end up like pre.to and go bankrupt?

[profittaker1]

Well they have no debt so I don't see them going bankrupt. 150 sections in the right part of the Montney and they trade at less than 120M enterprise value. Their land is worth much more than their market cap right now in my opinion....

[anthony3]

well are these numbers not true? 20 mil debt 2016 estimated debt for 2017 50mil https://www.4-traders.com/RMP-ENERGY-INC-1411108/

[profittaker1]

Well they are ending 2016 with no debt so yea. "With the closing of the sale, at the end of this year, RMP is expected to have: No bank debt and positive working capital;Exit rate production of 3,200 to 3,300 boe/d (35% crude oil and NGL's) from Waskahigan and the Company's other non-core areas, with a low risk Montney development inventory at Waskahigan of high rate of return wells