OTCPK:ARNBF - Post by User
Comment by
hardeeharon Mar 19, 2013 2:03pm
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Post# 21151103
RE: 80 cents
RE: 80 cents The pop was likely due to the report.
Correction to my last post - Peak production at DM2 was 2500 bbls/d under primary recovery, not 2000 that I stated.
I could be wrong again but I think DM2 was producing at ~1500 bbls/d at EOY as shown in their corporate presentation. With production now at 2000 DM2 has increased production by ~500 bbls/d in 3 months thru Waterflood!
If the well responses continues to improve to where it exceeds estimates that would have a BIG impact on the company's reserve bookings and NAV.