If you look at the terms of the farmout to RMP, the gross 100% look thru value of the 4 western blocks is around USD21m. Something to consider vs the advertised COS.
Of course, one could argue that the track record of RMP management is so exemplary that its was almost worth giving them a stake just to have them on board.
I think there will be a pre drill CR, so RMP can live to fight another day if its a duster.
All that said, and probably ignored by most, I expect punters will be all over it.
RMP Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
