OTCPK:ARNBF - Post by User
Post by
opg210on Apr 04, 2011 7:42pm
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Post# 18384309
Second Wave's results
Second Wave's resultsOK, a little slow on the draw here, these results were out a few days ago. A few interesting points:
- in 2010 and 2011 to date, SCS has acquired 54 square miles of 3D to delineate their Pekisko pool
- they figure they have 600 Pekisko locations in that pool
- for 2011, their drilling plans for the Judy Creek area are...less than half Pekisko!
They plan to drill 8 net Pekisko wells, 3 net (8 gross) BHL wells and 7 net Ellerslie wells.
I'd asked Arcan mgmt a while back about Pekisko on their lands; the response was yes we believe our lands are quite prospective for Pekisko, and we have no interest in pursuing it relative to our BHL prospects. It looks like SCS may be heading down the same path.
Coral Hills, SCS, PGF, PWT, Apache - all heading for the BHL play, plus whomever paid so much at the landsales last year for the land south and sw of Arcan's block. Each have had great results with no hiccups.
Congrats to whoever bought ARN in the past few weeks. I would have bought more if I could. Let's hope the results are worth the wait.
glta,
opg210