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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 Seppelton Feb 24, 2017 11:39am
352 Views
Post# 25889365

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

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. 
 
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