OTCPK:ARNBF - Post by User
Comment by
barneymillaron May 14, 2013 3:31pm
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Post# 21391084
RE: RE: ARN
RE: RE: ARN If you don't like the story then don't buy the stock. At 58 cents the stock is a real deal .Good purchase. No publically listed company posts inaccurate info, that is being naive in the extreme. ARN pubically stated that their 2012 annual production average would be 4,500 barrels per day. They met that, so perhaps clean your glasses. I respectively suggest that you re-read their releases. Sorry to disappoint you but I am not an insider nor a friend of one, just someone who recognizes the Swan Hills assett with 41 gravity oil is a valuable assett that the market has discounted in ARN due to their debt. Remember that the debs were issued to facilitize the new oil pool at Ethel. Swan Hills is topographically very rough country and expensive to operate in plus it is a winter operations area. The financial industry has discounted this area in favor of plays that are tight reservoirs that are being made into deliverable reservoirs through massive and expensive fracs. The Swan Hills reservoir is a conventional reservoir that is fraced to improve deliverability in hz wells.