Arcan Resources Ltd ARNBF

RE: RE: RE: RE: financing news out

[Naamkat]

I will say this.  When a company has a resource that is so large, it probably is better in NPV terms to accelerate drilling at the cost of some dilution. 

So, a company like say, Crew, which has basically locked up an entire play and has hundreds and hundreds of sections (meaning thousands of drilling locations) could potentially benefit from selling shares at its lofty valuation b/c there is virtually no limit to its quality drilling locations in the foreseeable future.

I don't know whether ARN falls into the same category (it's a matter of degree) b/c we still don't know how prospective the southern lands are nor do we know if these reefs are reasonably laterally homogeneous as other resources plays like the Montney or the Cardium.  I seem to recall Great Swami cautioning against assuming that the reefs would necessarily be productive over large areas.  Informed opinions on this question?

Regards,
Naamkat