RMP Energy Inc. (RMP.TO) opened up to $$2.29 but has now turned negative, moving 1% lower to $2.19 from the $2.22 Friday close, after announcing earlier today that it has set a 2012 capital budget of $75 million for exploration and development investments, as compared to an estimated $109 million of E&D capital expenditures in 2011.
The company said the focus of the 2012 capital budget will be the continued delineation and development of the 100%-owned, Montney light oil resource play at Waskahigan in West Central Alberta.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.