Iron Brdg Res Inc. OEXFF

Type Curve From New Hz's

[ditchdigger251]

My feeling is whatever reaction the market is going to give IBR both short and long term is dependent on the type curve that comes out of IBR's new drililng and completion design for their Montney Hz's.  That will determine future activity, cashflows and acquisition interest.  Whatever analyst ratings that may come in the next couple of months are shots in the dark based on looking backwards - which will be very conservative.  The first two wells will be tied in and flowing shortly and it won't be long until we know what things look like.  I expect cashflow will be getting a big kick in the pants and the type curve will be hugely economic - but we will see.

[Buckbid]

-agreed, yesterday’s news left us all wanting more...the primary piece of data that will validate this management, it’s strategic direction, future success (extrapolated), are the production results of the 2 new wells.  -reading between the lines, results should be good but it would be nice to see the numbers. 

[BigFishy]

Last chance to buy, should move with results. 

[kukaman]

I agree, the price of oil is currently also moving in the right direction. Mid April we might get some news concerning cryptocurrency mining. Overall I like my chances with this one.

[PinnacleX]

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[Ditto99]

new management, new share structure, new balance sheet and new completion techniques that directly offset Hammer Head and Velvet ROCKETS. Not to mention they currently trade at $800/acre and $20,000 per flowing boe vs comparables at $3,000-4,000/acre and $50,000 - $75,000 per flowing boe.  IF they get the wells Velvel and Hammer Head have, this will re-rate. Looking for 400bbl/s oil and

[Gladstone22]

I agree with your post Ditto , hopefully they go with the upsized tubing on the last 2 well to be completed right away and not try to complete with the smaller tubing . This recent slide just brings more buying opportunities .

[Ditto99]

Both new wells on their 02-23 pad/battery will be getting upsized tubing is my understanding. They should be onsteam this week, is my bet based on their last NR. I'm betting their facility at 02-23 won't be big enough to handle the prodution and will therefore have to choke the wells back. Good problem to have, better for sand control and will show a much shallower decline if this ends up

[Ditto99]

News out this morning that's relevant to my previous post on land value. IBR trades at ~$800/ACRE. Conoco just bought 35,000 acres of Monntey at Blueberry (Nowhere near IBR's lands, just referencing like acreage, that being Montney). Conoco paid $120,000,000 for this, or $3,428/ACRE. There is only 3 wells drilled on these lands, so similar deliniation to what IBR is looking at right now

[JDavis17]

Hard to compare apples to oranges, as the Conoco purchase was for a massively thick formation, but drier gas, but with little associated water production. Too many differences to compare directly. Having said that, IBR is undervalued, no doubt about that. But so is just about every other Canadian energy producer, whether it be oil, gas, or a combination of the two. Patience is required to hold

[Ditto99]

Totally agree on all fronts. Best to use the Conoco metrics as a proxy, not an absolute. $800/acre is a nice place to start, obviously the market is attributing a high level of risk to their new wells due out soon. With good wells, (350-500bbl/d) one should be comfortable with a land valuation in the $1500 - $4000 per acre range based on recent land deals and like company (BBI, LXE) valuations