OTCPK:OEXFF - Post by User
Comment by
ditchdigger251on May 29, 2018 10:09am
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Post# 28092951
RE:Problematic Land Geometry
RE:Problematic Land GeometryOne big issue staring Velvet in the face is that IBR's phase 1 development will be drilling up 10 contiguous sections of land (Sec's 17 & 18 T68 R2, Sec's 13-18 & 21-23 T68 R3) situated right between Velvet's 2 best wells. There's a near term development map that lays out well orientation on Figure 1 of IBR's Oct 11th 2017 Holding Application (over 40 loc's shown). The production capability and ease of development of that block of land alone will definitely give a huge medium term value add to IBR's stock price. Velvet's still wanting to wear cheap suits and sell broken vacuums if they think a $0.75/sh price is what the Market sees as fair value. Maybe the shareholders will take bags of magic beans for their golden goose too...