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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 pablo87on Oct 06, 2017 12:04pm
259 Views
Post# 26786154

RE:schaeffer update

RE:schaeffer updateSchaeffer is well respected however in case of RMP, when they sold Ante Creek*, they had some cash on hand, more than 2X the land and more production. That was 9 months ago - $1.50 never materialized then. Also, the wells they drilled cost $10-15M, they're not suddenly worth 40-45M. *In theory, had they sold Waskahigan then, they would have had $90M cash on hand/investments + land. They have a new team that is delineating the land. I believe the team is good as for the land, we don't know yet. That's about all that can be said.
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