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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

Post by fruiscante1on Jun 06, 2014 9:18am
368 Views
Post# 22636609

AGM notes

AGM noteshere are my notes from the AGM Larsen (and all), -tax pools will keep them from paying taxes until the end of 2016 -one of the directors did accuse him of sandbagging on the oil pricing he used -really mild spring breakup, only unable to truck for three days this year, compared to almost 2 months last year -$3.6M to drill a well, payout in 6-8 weeks -Ante Creek gas capacity is full, is a limiting factor -facility expansion decisions in the next few weeks -may drill Kaybob for the first time in 4 years. Reviewing new completion techniques used in the area, will decide in a few months -40,000 bpd Pembina Pipelines expansion may be delayed to January (booooo!) -expected to be another 40,000 built after that, but details are not clear -currently trucking 3000 bpd, and putting 9000bpd in the pipe -only have 10,000 bpd capacity for sure with Pembina through 2016. Pembina not saying anything yet about what will be available above that number. (This seems to be our limiting factor) -will be added to "the index" at the end of the month (TSX oil and gas index I'm assuming), expected to bring in more buying
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