Operational Updates
RMP Energy Announces Increased Bank Line and Provides First Quarter Montney 2012 Results
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First Quarter 2012 Operations Update
Despite early spring break-up conditions resulting in earlier than normal road bans, the Company drilled a total of five (5.0 net) horizontal wells at Waskahigan and a water disposal well at RMP's oil battery, which was operational mid-April providing for additional operating cost savings and field efficiencies. Four of the five horizontal wells were completed and tested in the first quarter, with results disclosed in the Company's news release dated March 21, 2012. The fifth well (13-3-64-23W5) has not yet been completed due to wet spring break-up surface conditions; it will be completed upon surface lease accessibility.
As a result of the continued development of RMP's Montney light oil play at Waskahigan, the Company achieved record quarterly…
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