IBR back above 50 cents IP30 production rates from the two new wells is expected to be press released near the end of May 2018.
This rock is some of the best in the basin. Iron Bridge Resources Announces Initial, Enhanced Gold Creek Well Production Rates CALGARY, Alberta, May 17, 2018 (GLOBE NEWSWIRE) http://globenewswire.com/news-relea...nhanced-Gold-Creek-Well-Production-Rates.html
The well production rates are very encouraging and a big step for the company in the right direction. It shows that IBR has some of the best rocks in the basin. I expect that IBR will drill two more wells this summer. One or two of the already existing land-holding wells will be tied-in this winter. This should keep their battery full. A higher oil price will help as well.
Friday’s analyst upgrades and downgrades https://www.theglobeandmail.com/inv...le-fridays-analyst-upgrades-and-downgrades-7/ Published May 18, 2018 Inside the Market’s roundup of some of today’s key analyst actions Raymond James analyst Kurt Molnar upgraded his rating for Iron Bridge Resources Inc. (IBR-T) in response to the release of early production rates from its two newest Gold Creek Montney development horizontal wells, which he believes will “excite” the market.
Junior Canadian oil and gas company close to start up of cryptocurrency mining pilot May 16, 2018 http://www.jwnenergy.com/article/20...-close-start-new-cryptocurrency-mining-pilot/
Velvet Energy Announces Premium All Cash Offer to Acquire Iron Bridge Resources May 22, 2018 https://globenewswire.com/news-rele...h-Offer-to-Acquire-Iron-Bridge-Resources.html
Iron Bridge Highlights Flawed and Undervalued Nature of Velvet Energy Proposal Urges Shareholders to Take No Action May 22, 2018 https://www.businesswire.com/news/h...e-Highlights-Flawed-Undervalued-Nature-Velvet
Hostile bid for Iron Bridge could be a view of energy deals to come https://www.theglobeandmail.com/bus...idge-could-be-a-view-of-energy-deals-to-come/ Rob Colcleugh, Iron Bridge’s CEO, declined to say how his company might try to fend off Velvet, although it is expected to seek a white knight. Besides Velvet, another private company, Hammerhead Resources Inc., has a sizable land position in the Gold Creek area. Meanwhile, the company “has a number of options,” having discussed with financial players obtaining non-dilutive funding to allow it to develop assets on its own, he said.
Interesting article and perspective on the takeover bid https://oilandgas-investments.com/2...er-battle-in-the-oilpatch-how-un-canadian-eh/ "CONCLUSION—both the math and the Street say another, higher bid is coming, and my guess it’s much closer to $1."
Canaccord Genuity Increases Iron Bridge Resources (IBR) Price Target to C$0.90 https://registrarjournal.com/2018/0...idge-resources-ibr-price-target-to-c0-90.html
Iron Bridge Board of Directors to Review Unsolicited Tender Offer from Velvet Energy Shareholders Advised to Take No Action Pending Review of Offer May 29, 2018 https://www.businesswire.com/news/h...dge-Board-Directors-Review-Unsolicited-Tender
Venezuela Mandates All Banks to Embrace Cryptocurrency – The first government in the world to embrace, indeed require, cryptocurrency is Venezuela, where basic necessities are hard to come by. The government of Venezuela has announced that all banks are to adopt cryptocurrencies from now on. AFP, reports that public and private banks must arrogate the Petro, Venezuela’s oil-backed cryptocurrency, as a unit of account. The news comes in the midst of an economic crisis caused by the government that is ravaging the country to pieces. The order is based on the regulations of the Superintendent of the Institutions of the Banking Sector of Venezuela (SUDEBAN). This is a body that makes up the highest level of Venezuelan banking leadership.
Lloyd’s of London Insures Crypto Storage Firm Kingdom Trust – Kingdom Trust, a U.S.-based crypto custodial platform is now being insured by Lloyd’s of London. The crypto storage company currently holds 30 different virtual currencies including Bitcoin (BTC-USD), Bitcoin Cash (BCH-USD), and Ethereum (ETH-USD), valued at $12 billion. Kingdom Trust offers storage services for both the virtual currency as well as for alternative assets. It serves institutional investors and retail individual investors. The storage platform is claimed to be the first regulated company to provide qualified storage for cryptocurrency investments.
Iron Bridge Resources Announces Agreement with Velvet Energy to Increase Equity Cash Consideration by 13% Published: Sept 10, 2018 6:04 a.m. ET https://www.marketwatch.com/press-r...se-equity-cash-consideration-by-13-2018-09-10
