David Lundquist/The Canadian Press
RMP Energy Inc. was formed early this month when Orleans Energy merged with privately owned RMP Energy Ltd. The deal brought in members of the RMP management team who were also involved with Rider Resources, an Alberta producer sold to NuVista Energy in 2008. One of those executives is Bruce McFarlane who is now vice president of Business Development at RMP. On May 18, Mr. McFarlane bought 40,000 RMP Energy shares between the prices of $2.49 and $2.54. RMP hopes to expand production at its Waskahigan Montney formation play.
Disclaimer:
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com . Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Graph Footnote:
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.