OTCPK:OEXFF - Post by User
Comment by
ditchdigger251on Apr 22, 2018 2:22pm
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Post# 27923527
RE:RE:RE:Hmm big selling yesterday.
RE:RE:RE:Hmm big selling yesterday.Thanks pttns for the backstory. You have cause to be more than a little pissed off. My own experiences with RMP goes back maybe 4 or so years ago while I was working elsewhere - I really liked their no-nonsense completions of their Waskihigan Hz's. So I started paying attention to them. Then an investment manager whom I had a great deal of respect told me to buy them about 2 years ago just before the sp spiked to about $1.90 (for like a day before crashing into the $1.40's). Thankfully I didn't buy then. But I did start going long once they started focusing more and more on the Gold Creek asset. Last year's three drills were bitter disappointments (mostly due to completion issues I think - not rock related ones). Those less than stellar well results I think led to the technical team changeout and the tight financial collar made exclusive focus on their best asset, Gold Creek, a necessity. It's been a rough bumpy road but the necessary moves have been made and some mind boggling accomplishments are coming to the surface (so to speak). This year there's 2 Hz's at 2600m in length each with a total of 152 completed stages and two more big Hz's waiting in the hopper for completion later this year. There's hundreds of millions in new drills all around IBR lands with fantastic oil results. There's expanding 3rd party take away capacity. There's oil heading soon over $70 WTI. Things are definitely getting much better. It will just take a bit more patience but soon we will see that IBR is busy creating amazing shareholder value.