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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P

OTCPK:ARNBF - Post Discussion

Arcan Resources Ltd > The Sale of Deer Mountain Unit #2
View:
Post by mombasa1 on Jun 16, 2014 1:09pm

The Sale of Deer Mountain Unit #2

Will unlock the value of Arcan stock IMO.  

They must be getting close to consummating a deal IMO.  The asset has been for sale for almost a year now.
Comment by hardeehar on Jun 17, 2014 7:02pm
I hear ya Mombasa.  I recall Arcan drilled a well in DM2 last winter and even though it recorded the lowest IP30 of the 4 wells it still came in a whopping 380 bbls/d!  That proves those results were no fluke and demonstrates the future performance characteristics of subsequent wells.  It must draw the attention of interested buyers to make offers more to Arcan's liking.   ...more  
Arcan Resources Ltd
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