Arcan Resources Ltd ARNBF

RE: Waiting for news, in the meantime...

[islander01]

one report has the news coming out in two weeks…time is on their side…. netbacks maybe even higher now then my calcs… good cash flow I'm thinking (too bad about the interuption re the gas plant)…more new production…recent success means more imo….buyers have disappeared until results appear imo….to much in the dark re projections….also the need to clean up their story on flow blockage…they say this does not happen when jet pumps are used…the only real issue is decline rates so production numbers and projections will be key… thanks to all for good posts … have held arn for about 3 years or so …just after they reported good swan hills results….still the oil is there clearly and they can get it out so it's just economics…. would not like to see oil below $90 in this era of horizontal drilling and fracking….wells need the fast payout due to declines
so buy more if you believe in strong oil prices
cheers
john