RMP ENERGY INC T.RMP

Hope Q2 Better Results

[peterns]

The company reset itself some time ago. Rome was not built in one day, i hope this is the case here too.


Will see what the Q2 will bring about.

[ditchdigger251]

Agree 100% petrerns.  The $23MM net debt is only a bit of a surprise...after all the drilling/completion/tie-in activity between Q4 & Q1 I was thinking there was going to be a bit of red on the balance sheet.  Getting cashflow started is always the most challenging and expensive part of a large project - the good news is that growth happens much more cheaply and quickly afterwards

[Seppelt]

I am not surprised about $23mm debt - building Elmworth infrastructure plus drilling and completing 3 wells (including 1 Waskahigan well) doesn't come for free. I think the current share price weakness is due to old memories brought back by looking at Q1/17 vs Q1/16 table. Such a miserable performance is hard to duplicate and forget.   Nothing new however as far as existing

[ditchdigger251]

I noticed the same information deficiencies.  Possibly 8-25 isn't going to the new battery but is being tied into the infrastructure RMP acquired from CKE last year.  Also not a peep on the new 1000 boed Waskahigan well tie-in/startup.  Still I take some comfort in the 4500 boed 2nd half production forecast so something must be getting done.  Great questions for

[doight1]

8-25 is 6 miles to the west of the battery and they are deciding the most cost-effective way to tie that in.  This is directly from management.  It won't be tied in as quickly as the other two wells.

[ditchdigger251]

Looking at last year's June 2016 presentation there's a slide (pg 22) that has a map showing the 1-23-68-4 compressor site and associated pipelines (~23 km's worth @ 87.4% w.i.) acquired from CKE.  I would assume such a high working interest also includes operatorship of said facilites.  Part of the gathering system connected to the compressor crosses the entire south