IBR's deal: C$2,700/Montney acre, C$58K/boepd, C$5.20/boePeterM1, your calculations are surprisingly wrong given that you claimed in your last post that IBR was sold for C$1,500 per Montney acre. I will show you why:
At C$0.85 per share, IBR's Market Cap is C$130 million.
IBR's net debt is almost C$6 million, see below:
"In connection with the annual borrowing base re-determination of its revolving credit facility, the Company’s borrowing base limit was recently increased to C$10.0 million by its lender, enhancing IBR’s liquidity capabilities. As at June 30, 2018, Iron Bridge’s net debt was C$5.74 million. " So IBR's Enterprise Value at C$0.85 per share is C$136 million. Natural gas weighted IBR holds almost 50,000 net acres of Montney land at Gold Creek, see presentation below:
https://ironbridgeres.com/wp-content/uploads/2018/05/CAPP-Q2-2018-Investor-Presentation-FINAL.pdf
So natural gas weighted IBR was sold for C$2,700 per Montney acre.
Also natural gas weighted IBR was sold for C$58,000/boepd based on its 2,314 boepd Q2 2018 production, see below:
"In the second quarter, average daily production was 2,314 boe/d (weighted 30% light crude oil and NGLs), representing an 84% sequential increase over the prior quarter output of 1,256 boe/d."
Also natural gas weighted IBR was sold for C$5.20/boe of 2P reserves, based on its 26.3 MMBoe of 2P reserves, see presentation below:
https://ironbridgeres.com/wp-content/uploads/2018/05/CAPP-Q2-2018-Investor-Presentation-FINAL.pdf