This might be a good result for Rmp, as they have until 23/12/17 to find a farm-in partner. They already have 3D that was captured by BHP and the "cinco" was the target of interest that has been determined to hold in excess of 1.6TCF of prospective gas resources. With a 37.5% interest in SC55 this could be highly valuable to a major that wants to unlock much needed gas reserves. If RMP are unable to farm down by the end of 2017 they have the option to go into the next exploration phase or reqlinquish the block. The market is missing the potential and near term news flow in this company.
RMP Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
