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RMP ENERGY INC T.RMP

Energy Oil & Gas E&P
"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

RMP ENERGY INC > RMP's valuation (per Montney acre and per boepd)
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Post by stockfyon Nov 11, 2017 11:11am
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Post# 26945019

RMP's valuation (per Montney acre and per boepd)

RMP's valuation (per Montney acre and per boepd)Please correct me if I'm wrong.

Cost per Montney well is $5.7 million.

RMP's current Montney production is 2,200 boepd (65% natural gas) based on the latest press release. 

RMP's cash exiting year end 2017 (excluding $9m investment in Tangle Creek stock) is about $24 million given that the sum is $33 million, according to the latest press release.

Current Enterprise Value is $95 million.

So RMP trades at $43,000 per boepd and $1,800 per Montney acre given that it holds 54,000 net Montney acres. Correct?
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