RE: News, financing finalised at lastHopefully this gets us rolling back to higher share prices...
ARN insiders bought some in the open marked and also bought through grant options in November, prices ranging from $1.25 to $1.30 a share.
The following was posted by 'Sculpin2 on the ARN board....
The 3 well program with AOS (AOS pays 80% while Arcan retains 50% working interest) includes 3 wells of which one is the BC Wild Mint location (see below);
A letter of intent was recently signed with the Company’s drilling partner at
Hamburg (AOS) for the drilling of up to three exploration prospects. This
agreement has Arcan paying less risked capital (D&C) and higher tangible
costs (tie-in) to earn 50%. It is anticipated that one of the wells in this
program will include the Wildmint prospect, which is a seismically mapped
anomaly that could be up to 30 Bcf in size.