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Iron Brdg Res Inc. OEXFF

Energy Oil & Gas E&P
"Iron Bridge Resources Inc is a Canada-based company. It is a crude oil and natural gas exploration, development and production company. Its project consists of Elmworth. The company receives maximum revenue from the sale of petroleum and natural gas."


OTCPK:OEXFF - Post by User

Iron Brdg Res Inc. > Velvet offer is an insult
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Comment by Brennus01on May 22, 2018 8:20am
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Post# 28062263

RE:Velvet offer is an insult

RE:Velvet offer is an insult
Yes, for sure!

Even at double that offer, $50k/boe is just kind of a market multiple for Canadian E&P.

IBR has no debt and premium acreage.  It's worth more than just a plain vanilla $50k/boe market multiple.  In a competitive bidding contest IBR would go for $2.00.  Just based on their current production & premium acreage in the Montney. Really, USD70k per BOEd, which would be way more than CAD2.00 per share.

75 cents is silly but, hey, can't blame Velvet for trying.
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