Dec 17 (Reuters) - RMP Energy Inc RMP.TO :
* Provides first half 2016 capital budget and highlights new strategic acreage
positions
* Says planning a scaled-back first half 2016 capital budget of approximately
$30 million
* Says in the first half of 2016, a total of six horizontal wells (6.0 net) are
budgeted to be drilled
* Says capital budget for the first six months of 2016 is to be funded through
internally-generated funds from operations
* Mid-year 2016 net debt position is anticipated to approximate the company's
estimated year-end 2015 net debt of $119 million
* Production is projected to average between 10,500 to 11,000 boe/d over the
first six months of 2016
* Says expects to evaluate and plan for a second half 2016 drilling program in
the second quarter of 2016
* Says presently does not have any commodity price hedges in-place for 2016
* Bank syndicate group updated company's conforming borrowing base to $150
million, a 14% decrease from the existing base
* Source text for Eikon
* Further company coverage RMP.TO