OTCPK:ARNBF - Post by User
Post by
professon Aug 30, 2011 1:39pm
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Post# 18994090
Arcan hits 5000 bbl/d eoy tgt already!
Arcan hits 5000 bbl/d eoy tgt already!And with one new well coming on stream every 10 days Arcan will bring at least 10 new wells on stream between now and eoy. That should amount to well over 3000 bbls/d (likely closer to 4000) production average between now and Dec. 31, 2011 just for those wells.
So would not their revised target of 6000 bbls/d even be a tad conservative?
My guess is that it will be closer to 7000 bbls/d exit rate.