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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P

OTCPK:ARNBF - Post Discussion

Arcan Resources Ltd > 80 cents
View:
Post by rookieoilinvestor on Mar 18, 2013 4:02pm

80 cents

Was the pop today due to that report or is there something else?
Comment by hardeehar on Mar 19, 2013 2:03pm
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 ...more  
Arcan Resources Ltd
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