Exploration & Production | Hedging | Capital Markets | Capital Expenditure | Drilling Program
RMP Energy to Drill 22 Montney Wells in 2015
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RMP Energy Inc. has announced its 2015 Capital Budget and provide fiscal 2015 financial and operating market guidance.
2015 Capital BudgetThe Company's Board of Directors has approved a "cash flow-based" exploration and development expenditures program of $150 million for 2015.
The 2015 Capital Budget is to be funded by internally-generated funds from operations, which is forecasted to approximate $150 million (or $1.23 per basic share). As a result, the Company's year-end 2015 debt position is anticipated to remain unchanged from estimated year-end 2014 net debt. RMP is presently drawn approximately $95 million on its available bank facility, which has a borrowing limit of $175 million. RMP will remain disciplined and flexible with its 2015 Capital Budget as it monitors business…- ✓ Full news archive — U.S., Canada & international coverage
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