Iron Brdg Res Inc. OEXFF

RE:New Offsetting Production (March Volumes)

[ditchdigger251]

So Velvet has a growing problem at Gold Creek.  From Page 17 of Velvet's January 2018 Investor Presentation ( https://velvetenergy.ca/file/2018/01/vel-websitejan2018.pdf )  there's a BOLD bullet point on a slide about their main bread 'n butter Ellerslie play: 

"Increasing competition for capital from Gold  Creek"

That was posted back in January before the continuing huge March volumes from Velvet's new wells directly offsetting and bracketing IBR lands.  Given that WTI's over $70 and trending higher it looks like Velvet's only choice is to switch horses.  That makes, in my opinion, the acquistion of IBR a bigger priority to Velvet and wouldn't surprise me in the slightest if that's why we're seeing the stock manipulation that's happening ahead of the announcement.