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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. > May is here. Two well results are expected this month.
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Comment by SigmaKappaon May 04, 2018 3:15pm
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Post# 27984741

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:May is here. Two well results are expected this month.

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:May is here. Two well results are expected this month.
You are wrong. With the lmr its a comvination of asset less liability. The gov liability is calculsted based on area in alberta and depth. The asset is based on a standardized netback basef on rolling 12 months of production. Both well licenses alrwady have asset values as the last llr run included feb prod month. So one can take that amount and based on the standard gov netback used in the calc approximate number of boe for the prod month.
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