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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > good update incr reserves and nav
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Comment by mombasa1on Nov 12, 2011 1:53pm
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Post# 19232355

RE: RE: good update incr reserves and nav

RE: RE: good update incr reserves and nav
Your point puts it all into perspective tire9.
 
The part that says 35 MMBOE represents only 15% of the total estimated recoverable reserves of 270 MMBOE is what makes this play really exciting.
 
Of course we have to take Arcan's word for that as it has yet to be proven.  The question is do you believe them or not?
 
Fortunately for us their estimates are based on 40+ years of production history in the Swan Hills field.
 
I am looking forward to seeing what current production will be in the Q3 report, due to come out any day now.
 
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