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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. > Type Curve From New Hz's
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Comment by Ditto99on Apr 09, 2018 11:17am
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Post# 27852799

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Type Curve From New Hz's

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Type Curve From New Hz'sTotally 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. You have to pay $1000-$1500 for moose pasture Duvernay with little to no delineation right now, for perspective. It all comes down to well results. Truly a binary event for the company.  



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