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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd
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Comment by thebeek02on Aug 25, 2010 11:05am
359 Views
Post# 17381636

RE: Re: Idiot

RE: Re: IdiotNOT TRUE 10-27 has plenty of perm. IP of 750 boed demonstrates that. This area will take a while to demonstrate the values of pressure maintenance (ie. waterflood) In the meanwhile Unit production up north will go a long way toward funding development. Everything promised Q1 is being delivered minus maybe 2-4 weeks weather delays. Can only wait for the next development results. Bet they've got another rig out in september. Someone needed cash ( don't we all?) and sold out with news. Printing 5 million shares might just accelerate our value by 4th Q.
Anyone have any info on the other southern well?
thebeek
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Dealroom for high-potential pre-IPO opportunities