Iron Brdg Res Inc. OEXFF

RE:An Article Mentions Iron Bridge

[ditchdigger251]

A very positive article with more coverage on the need for cryptocurrency cheap energy and the attraction that Alberta already has.  I remember nearly 20 years ago when building gas storage out of depleted reservoirs were a big deal and those that managed to get storage schemes up and running quickly made out like bandits...guess what?  Now there's too much gas storage so the opportunity has significantly diminished and no new gas storage is being created to my knowledge.  I think IBR getting into the cryptocurrency mining and hosting rush early is very smart because the opportunity won't shine forever but early in the game there could be excellent gains made.

Regarding Mike49's post on Yangarra Resources Ltd. NCS multistage fracs it now appears that the costs have been brought down to $1250 per lateral meter from $1420 earlier.  Those were sweet Cardium oil wells with 2 mile laterals and 1.05 tonne/m proppant placement intensity pumped in about 4.8 days for 135 stages.  Doing a straight normalization for frac size, lateral length, # of stages and an educated guess on additional pad volume needed I get 4.3 operational days per well - taking into account routine maintenance and equipment hiccups I could see both wells done in 12 days from the time the first stage is pumped.  The Yangarra costs, normalized the same way as Op hours suggest something in the area of a $3.0MM per well completion cost.  Just some back of the cigarette pack musings to take with a grain of salt as things begin in earnest.