RE:RE:RE:Corporation presentation?? Time for an update Another interesting point is Ante Creek transaction. It's history as far as RMP is concerned, except for a few unanswered questions, but I am still struggling to understand what was ERF's rational acquiring it.
It's Canadian Waterfloods division is concentrated in the Southeast AB and Sask. Adding a few sections way up Northwest in the Montney, IMO, was either opportunistic or part of a long term strategy.
There were rumors that ERF is planning to sell it's minority non-operated stake in Marcellus. ERF already has a very strong liquidity but with extra cash from Marcellus, it can easily establish a new OPERATED production area in the Montney, focusing on oil and liquids-rich gas.
So here comes RMP again. Ante Creek is pipeline connected to Waskahigan where ERF can drill and complete 5-times as many wells per annum, raise production and make it ready for secondary recovery in about 2-3 years.
I know it's a pure speculation but I wish Bison guys talk to ERF and try to put an end to it. A lot of us probably want to get out and do something else or just need cash. I do.