Iron Brdg Res Inc. OEXFF

RE:RE:RE:RE:RE:RE:RE:But this does have a serious stink to it

[ditchdigger251]

Casperwy17 wrote:

You should tone down the bs rhetoric, as Velvet is pounding out wells just as good, and mostly better than anything IBR has done. And their wells look less gassy, so pretty hard to bash them on that front.

Casper there's no rhetoric from me...well except for desriptive language about how sleazy Velvet's business with IBR has been but I think a lot of people here share my feelings.  IBR will execute their business according to a sound technical and financial development plan.  I'm giving them the benefit of the doubt because they've executed so well this past year that they will be able to continue to grow value and share price.  Time will tell.  But if IBR's wells continue to be huge winners the payout is so quick that financing will not be an issue.  They will be able to use growth in cashflow for most of what they'll need.  

I don't necessarily see the higher "gassiness" of IBR's production as being negative.  Gas provides the drive energy to sweep oil towards the wells so having production more gassy than Velvet should actually improve ultimate oil recovery from IBR lands.