Bullboard - Stock Discussion Forum 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."

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Iron Brdg Res Inc. > At current levels IBR is undervalued imo. The two well

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Post by kukaman on May 16, 2018 1:04pm

At current levels IBR is undervalued imo. The two well

results will provide us with some upside potential. I like my chances here.

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Comment by Tuco110 on May 16, 2018 1:53pm

Just my very simple observation, if IBR is currently at 3600boe/d with several wells still shut in(I will assume 1 well running @700boe/d) does that not leave the 2 new wells producing @1450boe/d average?

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Comment by ditchdigger251 on May 16, 2018 4:55pm

It seems IBR's being intentionally cryptic on what boed rates the two Hz's are currently doing. Keep in mind that both wells at the time of the Q1 report have only been on for just over 2 weeks so I can guarantee a few things at this point: Both wells are making huge load water and the newly expanded facilities are giving Operations hairballs trying to keep things going while ...more

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Iron Brdg Res Inc.