Arcan Resources Ltd ARNBF

RE: time for a walk in the wilderness.....

[islander01]

my reading re production assuming 25 wells drilled this year….9 at ethel give initial production say 3000boed declining to 1000 without waterflood….14 wells in the pool at 500 per gives 7000 declining to say 5000 with waterflood….some will be near yearend and have flush production; others may decline more but talking on average…so new production is say 6000 on top of current 4000 declining to 3000 so say 9000….but anyway a double so say 8000….seems to give about $2.50 in cash flow…they have published no targets but I welcome comments on the thinking….so arn seems cheap on a go forward basis …still they have to produce so to speak…do not know what the market thinks but analysts seem to like it