OTCPK:ARNBF - Post by User
Post by
tire9on Dec 01, 2011 10:43am
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Post# 19282836
One half right again
One half right againAnother good post by G40.
I consider this a speculative type company with a large land base to develop. 10 years of drilling ahead, with development costs about $4.5 M per well. Payback about a year on the best producers. Average to higher maintenance and production costs. An extension of the BHL reef that is being developed with HZ drilling plus fracking. It seems that the project is working quite well and is profitable with a long production time line. Good management is essential for the best development strategies.
Alberta is a mature oil & gas producing area. don't need lessons on reserves and resources or basic business sense.