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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 ditchdigger251on May 17, 2017 12:41pm
196 Views
Post# 26255376

RE:Hope Q2 Better Results

RE:Hope Q2 Better ResultsAgree 100% petrerns.  The $23MM net debt is only a bit of a surprise...after all the drilling/completion/tie-in activity between Q4 & Q1 I was thinking there was going to be a bit of red on the balance sheet.  Getting cashflow started is always the most challenging and expensive part of a large project - the good news is that growth happens much more cheaply and quickly afterwards.  The start up delay with this wet ugly Alberta spring likewise is no surprise - the good news is that there's no regulatory issue or downstream bottleneck - stuff outside of RMP's control - in the Q1 Update.
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