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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > It all com
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Comment by oilnvstron Dec 10, 2011 12:43pm
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Post# 19310011

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: It all com

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: It all com I don't want to nitpick nlr2, but the use of a netback of $45/bbl in your analysis is meaningless. To calculate the amount of money the company has available for capital expenditures is funds from operations, not netback. In Q3 the FFO was only $31/BOE. Hopefully FFO/boe will rise to $35 or so in Q4.
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