Iron Brdg Res Inc. OEXFF

RE:RE:New Offsetting Production (March Volumes)

[Ditto99]

Considering near moose pasture Montney and Duvernay lands are selling for $1,000 - $1,250/Acre and their peers in the jr space are trading at $50,000 - $100,000/flowing BOE I'd say YEA, very much so. 

IBR Current Valuations assuming they get good wells and are now over 4,000boe/d :

$750/Acre
$9,300/flowing BOE

Targeting the lower end of the valuation spectrum for productive lands and flow metrics and assuming IBR gets wells better than 400bbl/d you get you:

$0.75/share at $1,500/acre (Conoco just bought MNTNY land for $3,400/acre with only 3 wells)
or
$1,00/share at $28,000/flowing 

Implied upside 50%-100% on their phase 1 results alone.

This becomes a 2-4 bagger upside story if they get a couple more wells in before christmas and exit at '18 8,000boe/d. Production would be up x4 from Q4 2017. There are no other stories out there in the jr market like this one.