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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

Comment by profittaker1on Feb 15, 2017 2:54pm
180 Views
Post# 25850615

RE:RE:RE:RE:RE:Corporation presentation?? Time for an update

RE:RE:RE:RE:RE:Corporation presentation?? Time for an update
Doesn't the production they have at Waskahigan subsidize the drilling at Gold Creek and also help ensure that $40 mill credit line is accessible? They need cash flow to have a credit line or the bank would remove it. RMP need the non-core assets for now until Gold Creek is proven up and generating free cash flow. Then they could sell the non-core assets and try to aquire more land at Gold Creek as well as 1)pay off any debt aquired from Gold Creek deliniation 2)buy back some shares and/or 3)start a dividend. That's what I would do. I emailed about the website update and they are working on it and a new corporate presentation apparently.
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