Iron Brdg Res Inc. OEXFF

New Offsetting Production (March Volumes)

[Ditto99]

Public data has been updated. The offsetting Velvet wells are amazing, still on a rope between 450-550bbl/d. These monsters pay out in less than a year. Most on pace to produce 125,000 bbl's of oil in a year. These are amazing metrics, ~20% better than Vesta and Artis Duvernay wells and 10-15% cheaper, that the market is so jacked up about. Good to see IBR's 08-25 west well on production for the month, should support cash flow into Q2 when the two new 02-23 PAD wells will be on stream. Looking great, can't wait for well results in less than a month. 

Without considering the gas or associated NGL's, and assuming oil price realization of $80/bbl (Q4 WTI averaged $50.85bbl USD while IBR realized $67.93/bbl CAD. Oil is now over $70/bbl WTI USD), 125,000 bbl's of oil would generate $10,000,000 in revenue, again, this does not include anything from the gas or NGL stream. These wells cost $6-7mm to get on stream.

[kukaman]

If the two new IBR wells turn out to be "monsters" I guess IBR is way undervalued at current levels.

[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

[ditchdigger251]

So Velvet has a growing problem at Gold Creek.  From Page 17 of Velvet's January 2018 Investor Presentation ( https://velvetenergy.ca/file/2018/01/vel-websitejan2018.pdf )  there's a BOLD bullet point on a slide about their main bread 'n butter Ellerslie play:  "Increasing competition for capital from Gold  Creek" That was posted

[Ditto99]

The fact that people think that these jr names are being manipulated is ridiculous. I hear it all the time, retails investors trying to justify why a jr name, in a space no one cared about for 4 years isnt moving higher. The reason why it's not moving higher is because there's no reason for it to, until well results are out. The market is currently attributing a lot of risk (justifiably so