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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > Watching the Performance of Arcan's Stock
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Comment by hardeeharon Nov 12, 2013 12:37am
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Post# 21896259

RE:RE:RE:RE:RE:Watching the Performance of Arcan's Stock

RE:RE:RE:RE:RE:Watching the Performance of Arcan's StockSaying that Arcan is in distress is a bit of a stretch LGS.  They still have over 2 years before the first issue of DB's mature in 2016, and 4 years before the 2nd issue matures in 2018.  So Arcan has lots of time and is not under any duress for making a quick sale.  The DM2 package will fetch an attractive price IMO, when you consider the 10's of millions spent in infrastructure there, and the proven, long-life, stabilized production profile being exhibited thru Waterflood.

I suspect a sale is being consummated now and we will be hearing about it very soon.  Hold on to your shares!
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