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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 by User

Bullboard Posts
Comment by larsen6on Mar 19, 2014 7:02pm
322 Views
Post# 22343677

RE:New Is Out

RE:New Is OutLet's see.

Yes captain, we did hit on the stepout.  Nice 1,600 boepd, with 76% oil!

Hit again on another development well.  No need for numbers.

Producing 12,000 boepd with only 6/12 Ante Creek wells in production.  And I bet some of those are throttled.

Now note this, they are trucking more out of Ante Creek than they are pushing through the new pipeline.  The Pembina pipe is jammed - end of story.  So once the road bans go in, we need to take a swag at how much production will be limited.  I say it goes back to about 10,000 boepd, which consists of about 3,000 boepd gas, 6,000 bpd of oil out of Waskahigan, and another 1,000 boepd for the new southern Waskahigan recently hooked up to Athatbaska's facilities.

Once road bans are done, it is back to 12,000 boepd or more until November.  Then they will really pound it out at 13,000, 14,000, 15,000, or more for Nov - December.  Their 10,000 boepd sounds a little like a sandbag.  But this is ok with me.

Regarding the reserves, I am going to need to go over that a wee bit with my 12 year friend Macallan tonight.



Larsen6




Bullboard Posts