RMP Energy Closes $38 Million Acquisition In Alberta

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
38MM
Description

Purchased complementary Montney light oil assets in its core areas of Ante Creek and Waskahigan.

RMP Energy Inc. (TO: RMP) closed the purchase of complementary Montney light oil assets located in its core areas of Ante Creek and Waskahigan in West Central Alberta for $38 million in cash.

RMP now holds a total of 106 sections (105.15 net) of land at Ante Creek, Waskahigan and Grizzly, wherein the company has developed significant technical acumen with the Triassic-age Montney reservoir formation, providing for a significant light oil resource base with an extensive inventory of future, company-operated drilling opportunities.

RMP Energy Inc. is a junior oil and gas company with high-quality assets concentrated in West Central Alberta and southeastern Saskatchewan. The company is headquartered in Calgary.