Iron Brdg Res Inc. OEXFF

RE:RE:RE:RE:Dead money

[JDavis17]

Ditto99 wrote: None of what you guys are talkig about matters until they release well results. This is the whole reason for holding this name. IBR is NOT a company without good wells, they're in fact bankrupt which is why mangement got punted, new blood brought in and rebranded the name.

These are literally company making/breaking wells. Anything under 350bbl/d will be a disappointment. 350 - 400 bbl/d is neutral and will be tough to build a thriving company around. 400 - 450 bbl/d is great and proves this is a viable long term comany. 450bbl/d + (like some of the offsetting CIOC and Velvet wells) and look the F out and strap in. Here are some of Velvet's wells that offset them by only a couple of km. This is February public data from accumap:

02/14-10-068-03W6/0 - 509bbl/d oil 
00/14-10-068-03W6/0 - 630bbl/d oil 
00/12-10-068-03W6/2 - 501bbl/d oil 

00/01-10-069-03W6/2 to the north is much further along in it's production life but months 2-4 were also around 500bbl/d. 

Like i said, it's no stretch to expect company making wells, 450+ bbl/d. If they pull something out of their hat and show 525bbl/d+ rocket fuel will be engaged. 

Great wells results will make IBR's land more valuable to Velvet, but IBR's land remains too scattered to be efficient on its own. I know they can partner up with Velvet to gain those efficiencies, but why pay two managements to do the job one can easily handle? That is a lot of unnecessary and expensive overhead.

So sell the company to Velvet, soon.