Exploration & Production | Capital Markets | Capital Expenditure
RMP Plans to Exploit Montney Resources in 2014
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RMP Energy Inc. has announced its 2014 Capital Budget and Business Plan and provide updated reserves information.
2014 Capital Budget and Business PlanThe Company’s Board of Directors has approved an exploration and development expenditures program of $130 million for 2014.
The 2014 Capital Budget is anticipated to be fully funded by internally-generated funds from operations, which is forecasted to approximate $142 million or $1.20 per basic share, representing a significant increase of 78% and 64%, respectively, over projected 2013 funds from operations.
The Company’s 2014 capital focus will be on the continued delineation and development of its Montney light oil resource position at Ante Creek, Waskahigan and Grizzly in West Central Alberta, which currently encompasses a total of 106…
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