Post by
kukaman on May 01, 2018 6:00am
May is here. Two well results are expected this month.
Let's hope the results will be good and the stock price will move higher again. Some news concerning the cryptocurrency mining / hosting activities would also be nice.
Comment by
Ditto99 on May 01, 2018 10:00am
Agreed. Looking forward to great well results. The Crypto piece of the bussiness will not move the dial due to lack of scale. It's a great project with great returns, but a VERY small piece of IBR. Investors should not be caught up in IBR's crypto, they are and oil and gas company. It's all about well results.
Comment by
kukaman on May 01, 2018 2:02pm
Agreed, IBR is an oil and gas company, that is the reason I bought. But I have nothing against a lucky strike. If management gets something meaningful done in view of cryptocurrency mining, I have nothing against it. We will find out soon enough.
Comment by
Gladstone22 on May 03, 2018 2:07pm
Well results should be out near the end of May. Keeping my fingers crossed.
Comment by
Ditto99 on May 03, 2018 3:53pm
I don't think they'll have IP30 numbers ready for the May 15th Q1 report. Early June for IP30 well results is more likley IMO
Comment by
kukaman on May 03, 2018 4:57pm
I have recently been informed that they „look forward to being able to press release some IP30 rates around the end of May“.
Comment by
CageyOil on May 04, 2018 10:50am
The wells were on stream late February so they'll press release before the full March numbers are released by the govt at the end of this month.
Comment by
Ditto99 on May 04, 2018 11:46am
They were flow tested in Feb, then shut in for well and facility work. March will show neglagible rates in public data, if any. Public data will be updated in a week. Don't expect anything on this update.
Comment by
CageyOil on May 04, 2018 12:59pm
Ah got it. The late feb on production date suggested it was on stream.
Comment by
SigmaKappa on May 04, 2018 1:09pm
Everyone there is production. Its not yet public on petrinex or related....however under DDS for liability purpose the wells already have asset values based on 12 month running production. Any one have a general idea when the 02-23-068-03w6 was completed?
Comment by
SigmaKappa on May 04, 2018 1:12pm
Assuming both wells started producing arpund same time their prod profikes are very similar as their asset values are very close to same amounts.
Comment by
BigFishy on May 04, 2018 1:36pm
Then the sp should be responding positively. Retail is the last to know. volume is non-existant so not sure what to think.
Comment by
SigmaKappa on May 04, 2018 1:47pm
Also llr rating should be updated after this weekend. So the difference between current value and new value will be value for march prod period. Will ne interesting to see.
Comment by
Ditto99 on May 04, 2018 2:45pm
You don't know what you're talking about. Well results will be out early june at the latest. The update on public data, DDS/Petranex will tell you nothing. 5 more weeks of waiting. Nothing changes from now until a presser is released on well reasults.
Comment by
Ditto99 on May 04, 2018 2:54pm
liability, or abandonment costs have nothing to do with the wells performance. Reguardless if a well comes on at 200bbl/d or 700bbl/d, the abandonment costs are the same. Don't confuse people on the board if you don't actually know how this works.
Comment by
SigmaKappa on May 04, 2018 3:21pm
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.
Comment by
Ditto99 on May 04, 2018 3:35pm
What if they flowed for 10 days, or 5 days, or 3 days?!?
Comment by
SigmaKappa on May 04, 2018 3:50pm
Then do the math. My prior comment showed numbers for 28 days and 15 days. Its not rocket science. Pro-rate it according to number of days.
Comment by
perdikaoilgas on May 09, 2018 7:37am
Why do you think IBR is a laggard? Gassy well? Expensive Montney wells? Acreage?
Comment by
perdikaoilgas on May 09, 2018 7:47am
Insiders have not bought any shares lately although the stock is at 50 cents. Why? Shouldn't they?
Comment by
perdikaoilgas on May 09, 2018 7:47am
Josh Young bought his last shares in February...
Comment by
pittns on May 09, 2018 9:27am
I dont know, but what i think is unfortunatelly for us, when somebody already knows it either goes up or down before we know. Those wells are already on production, and i think for a bit of time now, shouldn't this go up if there were good? I am actually out becasue i am afraid of another dip....
Comment by
pittns on May 09, 2018 10:11am
Just to be clear those are just my assumptions.... does anybody knows for sure?
Comment by
Ditto99 on May 09, 2018 9:48am
Insiders are blacked out. They know well results and cannot purchase shares because of this.
Comment by
SigmaKappa on May 09, 2018 10:09pm
Must live in a hole cause spartan is gone.
Comment by
Ditto99 on May 04, 2018 3:24pm
okay sounds good. Let me know you're assessment. I'm looking forward to a hind cast once the actual info is out. What you're looking at won't tell you a single pertinent thing.
Comment by
foothillsdd on May 04, 2018 3:34pm
Is this board the reason SP is down. Oil is up today again and getting close to $70 WTI. Cannot seem to drive IBR the right way for us.