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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > Can someone post the Globe and Mail story.
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Comment by teeveeon Mar 06, 2015 12:22am
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Post# 23496213

RE:RE:Can someone post the Globe and Mail story.

RE:RE:Can someone post the Globe and Mail story.Converting the debentures saves about $10 million/year, or about an extra 2 wells per year. If oil prices don&#39;t get back up over $80.00, when the hedges roll off, ARN will still be in trouble with about $150 million in bank debt....so the next solution is probably to roll the stock back and do a dilutive financing to further reduce debt......
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