Exploration & Production | Capital Markets | Capital Expenditure
RMP Energy Plans Montney Tight Gas Ops in 2013 Capex
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RMP Energy Inc. has reported that the Company's Board of Directors has approved an exploration and development expenditures program of $85 million for 2013.
The 2013 Capital Budget is expected to be self-financed by funds from operations. RMP possesses the financial flexibility for additional funding through the Company's bank credit facility, which was recently expanded to $110 million, for any capital program expansions in 2013.
Alberta Montney Waskahigan, Ante Creek DevelopmentThe 2013 Capital Budget will encompass the continued, focused development of RMP's 100%-owned, Montney light oil resource plays. At Waskahigan in West Central Alberta, the Company plans to drill eight wells with five wells planned at Ante Creek and one well at Grizzly, which is located to the southeast of the…
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