RE:RE:RE:RE:'weather-friendly' operating surface conditions
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 of up to 200 potential drilling locations;A highly prospective land position of 77.5 net sections and related infrastructure on an emerging Montney play at Gold Creek; and,Indicative bank credit facility of $40 million. Upon the completion of the Ante Creek Disposition, in addition to its Gold Creek and Waskahigan core assets, the Company's other remaining non-core assets will include Kaybob, Gilby and Pine Creek in West Central Alberta. Collectively, the Company's cash flow generating capabilities from its remaining suite of assets is expected to remain strong, as highlighted by RMP's forecasted 2017 pro-forma field operating netback of approximately $20/boe." "RMP's third quarter 2016 production and crude oil and natural gas reserves from its remaining properties are highlighted below: Third quarter 2016 average production of approximately 3,800 boe/d (35% crude oil and NGLs);17,450 Mboe of total proved reserves(1);29,684 Mboe of total proved plus probable reserves(1); and,170,090 net acres of land acreage." https://rmpenergyinc.com/investors/news/rmp_energy_announces_strategic_ante_creek_asset_disposition/