OTCPK:ARNBF - Post by User
Post by
good40on Dec 20, 2011 5:25pm
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Post# 19339705
Takeover candidate ? Nope
Takeover candidate ? NopeI don't think any major oil company would prefer to acquire assets for $8 per share when they could previously have acquired for $4 per share. So what are they waiting for ?
The economics suggest that yearly average production increased by roughly 1200 bbls/day to 3500 bopd after having spent
$225 million over the same time period. What is it, that would interest a major oil company ?