RMP 0.00% 1.7¢ red emperor resources nl

Big Q in a falling oil price environment is what expenditure...

  1. 6,675 Posts.
    lightbulb Created with Sketch. 143
    Big Q in a falling oil price environment is what expenditure commitment is required on their Philippine acreage to hold it and what penalties if they walk away? Why did OEL walk away? RMP been very good to me in the past but I hold nil atm. Am always looking for the right re entry time / price again. Oil price is a concern atm tho and likely to head lower now that Saudis are effectively cashless and starting to bomb their neighbours again. About to flood the slowing world with cheaper oil again to pay for their arms ? How long will the yanks allow such to continue with their own shale oil biz in its own problems? Too much oil around atm and no sign of market improving unless the Saudi oil production is heavily reduced. RMP sp is also in breakdown mode with new low we haven't seen before, so we wont know where its headed until after it gets there. Would seriously want to know what expenditure commitments coming up though. 12 mill bucks cash doesn't last long in this industry.
    Opinion
 
watchlist Created with Sketch. Add RMP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.