Exploration & Production
RMP Energy to Advance Montney Oil Program with Pad Drilling
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RMP Energy Inc. , today provided its operating results for the three months ended June 30, 2012.
Subsequent to the quarter-end, on July 30th, the Company announced that it entered into a bought-deal equity financing involving the issuance of 4,445,000 flow-through common shares in respect of Canadian exploration expenditures ("CEE") at a price of $2.25 per share for gross proceeds of approximately $10 million. Closing is expected to occur on or about August 21, 2012. This financing is strategic in nature as it provides RMP with funding to advance its oil-directed exploration drilling activities in the Montney formation on some of its recently-acquired lands.
Waskahigan, West Central Alberta
With typical spring break-up conditions, field drilling and completion activities were muted in the…
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