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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P

OTCPK:ARNBF - Post Discussion

Arcan Resources Ltd > Big name backing Aspen
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Post by freenpv on Jun 23, 2014 5:46pm

Big name backing Aspen

https://form-d.findthebest.com/l/159110/Aspenleaf-Energy-Ltd

According to the above link aspen raised 100mm equity this april privately by a few oil guys from Calgary. The lead guy is Bryan Gould, the former COO of Athabasca Oil who was fired last spring.

Pretty good backer for a company this small
Comment by hardeehar on Jun 23, 2014 6:42pm
Aspenleaf is getting a lot of growth upside by assuming Arcan's Debt. It would be worth it to hold on to the spinco to see how fast they can grow production at Swan Hills from here.   There's likely more upside to be had in the near term. I'm assuming Arcan stock will re-open again tomorrow?  That will tell us whether it is a good deal or not.
Arcan Resources Ltd
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