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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 3:21pm
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Post# 27984797

RE: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:RE:May is here. Two well results are expected this month.
Both wells have abput 300k of asset value under their lmr value. Industry standard netback is 236 m3 or about 37 boe. That means that for feb abput 8100 boe was recorded per well. Question is what amount is oil and how many days did it produce in feb? 28 days for 8100 is 289 boed. If produced half month then its 578 boed. Etc.
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