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Bullboard - Stock Discussion Forum Iron Brdg Res Inc. OEXFF

"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 Discussion

Iron Brdg Res Inc. > IKkuma just got 188% premium for less
View:
Post by DoubleGG on Aug 24, 2018 12:34pm

IKkuma just got 188% premium for less

So Ikkuma gets a premium but Iron Bridge with way better land is getting beat up by Velvet?
Comment by ditchdigger251 on Aug 25, 2018 2:57pm
You're not just whistling Dixie DoubleGG.  IKM is a junior with a lot of hair on it in terms of liabilities from just doing a quikie read (debt, abandoment liabilites, drilling commitment, etc, etc,).  They're currently cashflow negative and not expected to be positive, if I'm reading it right, until the year 2022.  IKM only has 109 million shares outstanding so by no ...more  
Comment by Casperwy17 on Aug 25, 2018 6:28pm
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Comment by ditchdigger251 on Aug 25, 2018 9:31pm
Holy smokes Casperwy.  Watching Eeyore telling Winnie the Pooh that he needs to change his diet because honey sticks to the fur is almost as deflating as reading your cautious tale on how waiting adds risk.  Other than IBR getting their disposal capacity in place and carrying out a couple of well cleanouts during the long dry days of this summer how pray tell has the new IBR team left ...more  
Comment by SigmaKappa on Aug 25, 2018 10:33pm
The montney area in the greater grand orarie area is taking off. Land values are soaring. Look at pipestone cenovus sales. Blackbird since inception. Now rumor is pipestone co is going to merge with blackbird. 10mm in land value a few years ago pkus a couple wells drilled to be valued at 250mm plus.
Comment by OILFIELDCOWBOY7 on Aug 26, 2018 11:14am
I know the area. Where did you hear this information from about blackbird?
Comment by Casperwy17 on Aug 26, 2018 2:34pm
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Comment by SigmaKappa on Aug 26, 2018 4:13pm
No im saying they are taking of merhing with pipestone co for 250mm. So basically doubling their mkt cap. Im posting this to show the changes in land values. Pipestone a few years till now has badically increased in land value by 5-15 times in certain areas
Comment by ditchdigger251 on Aug 26, 2018 7:10pm
So referring back to a post of mine on Feb 23rd 2018 and doing some quick math equalizing value on approximate acreage only (not getting cute with sour vs. sweet processing, liq %, capex/boe, debt level, etc.) a $250MM deal add to BBI (currently @ 0.355) results in about a $516MM market cap & $7M/acre land value to BBI.  A similar land only valuation puts IBR at $2.26/sh (kinda in the ...more  
Comment by Casperwy17 on Aug 26, 2018 7:41pm
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Comment by Casperwy17 on Aug 26, 2018 7:33pm
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Comment by SigmaKappa on Aug 26, 2018 7:40pm
Exactly that. Bigger acraeage. More infaztructure and increase in production.
Comment by Casperwy17 on Aug 26, 2018 7:43pm
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