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RLP.A |
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Richland Petroleum Corporation is a Calgary-based Oil&Gas Junior company primarily involved in exploration and development of Crude Oil and Natural Gas in Western Canada. It's a TSE-listed junior exploration play with the following symbol: RLP.A
In May/97, the Class 'B' shares were converted into 'A' shares resulting in a total float of around 12.5 million shares not including any warrants or options outstanding with management.
On July 2/97, RLP.A announced a Joint-Venture with PanCanadian to acquire 42000 hectares of property in SE Saskatchewan resulting in 2 Light Oil Pool discoveries in this area (October 28th) while a liquid rich gas discovery was located in the Crossfield area of Alberta !
As a result of this recent announcement, Richland was the most actively traded TSE-stock this past week generating a volume which represented 23.8% of its total shares issued according to the Report on Business. Richland's Investor Relations can be contacted in Calgary at 403-261-4080 as there is no Corporate Web Site currently.
Is this the next Rio Alto Explorations?
Well, ABC Fund manager Irwin Michael was featured on www.investors-on-line.com hinting that he was attempting to acquire a 500,000-share block in a Junior Oil&Gas stock this past week with no success! Could he be referring to RLP.A ?
Stay tuned to SI.
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