Just Bought In
Just bought in today. I read all the news releases and realized how dirt cheap RMP is prior to drilling to further delineate the oil pool found by well 3-22. These guys still have lots of prospective montney land and no debt. I've held other companies that have been in a similar position and have appreciated substantially as their land is reevaluated such as Blackbird Energy and Leucrotta Exploration. Delphi Energy is breaking out at the moment as well. I'm very curious to see how many sections that oil pool is under. This company is much more attractive than pure natural gas players in the area such as Chinook Energy because the oil completely changes the IRR of the wells.