Iron Brdg Res Inc. OEXFF

RE:Should I sell it?? - please advise

[ditchdigger251]

Sooo...IBR's currently pounding down two optimized 2400m 80 stage Hz's with Q1/18 tie-ins after expanding water disposal capacity (as in making room for higher production and drilling activity) following a very sucessful completion last August on a shorter 1600m Hz with only 32 stages and you're thinking of selling after having held the stock for 1.5 years?  And this is after all the Montney activity directly offsetting and bracketing most of IBR's Elmworth lands where those companies , Hammerhead and Velvet, are singing the praises in their corporate presentations about the excellent economics of this particular Montney play?  Hammerhead, a much larger entity than IBR, actually ranks their "Gold Creek" wells (the direct offset wells to IBR's Elmworth) as the top tier in their impressive unconventional well inventory.  IBR's Elmworth Montney is great stuff - sweet, very oily, not deep, lots of offset development, remote from large populations, near an expanding processing facilty, etc.  Not much other land in the Montney trend has as many advantages.

On the surface - with what's know publically there's a lot to really like about IBR right now and my view is that if these next couple of completions prove up or exceed economic expectations not even a crusty RJ scrooge analyst could ignore the value in IBR...no matter how much someone may have peed in their cornflakes.  Could things go off the rails?  Of course - RMP's three follow up wells in Q1-17 to their big first one from 2016 was disappointing.  But the latest drill and completion looks good on the new team and the offset competitor wells on both sides of IBR also look good.  So are they one the right track with a smart value growing operation?  A bit more time will tell but from what I've seen I think so.  That's my advice - but take with a grain of salt.  Ultimately you decide what's best for you as is the responsibility of every shareholder.  Good luck with your decision.  And Merry Christmas!