RMP Energy Inc. has acquired from Paramount Resources Ltd. a total of 22.75 gross sections (16.0 net) of land in the Montney light oil fairway in the Ante Creek area of West Central Alberta, in exchange for 3.4 million common shares of RMP. The working interests in the purchased acreage range between 50% to 100%. The acquired lands are located contiguous and proximal to the Company's existing 100% working interest, six section land block at Ante Creek where RMP has had exceptional exploration and development drilling success.

As a result of this transaction, RMP has significantly expanded its asset 'footprint' in the area and now holds 28.75 sections (22.0 net) of land at Ante Creek. In aggregate, the Company now holds a total of 90 sections (82.4 net) of land from Grizzly, up through Waskahigan and including Ante Creek, providing for a significant light oil resource base.

Tags: RMP Energy Inc.