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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. > Velvet offer is an insult
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Comment by JDavis17on May 22, 2018 8:27am
199 Views
Post# 28062285

RE:RE:Velvet offer is an insult

RE:RE:Velvet offer is an insult
Brennus01 wrote:
Yes, for sure!

Even at double that offer, $50k/boe is just kind of a market multiple for Canadian E&P.

IBR has no debt and premium acreage.  It's worth more than just a plain vanilla $50k/boe market multiple.  In a competitive bidding contest IBR would go for $2.00.  Just based on their current production & premium acreage in the Montney. Really, USD70k per BOEd, which would be way more than CAD2.00 per share.

75 cents is silly but, hey, can't blame Velvet for trying.


Well, don't get carried away. Don't forget that IBR's land is completely intertwined with Velvet, so there won't be too many competing bids, and Velvet knows it.

I had to chuckle at your IV post, where you said "you heard it here first", considering you copied my post from here.
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