Arcan Resources Ltd ARNBF

RE: The Bottom Line

[good40]

Well,  you divide the capital expense required,  by the total yearly number of the increased production. Capex was $225 million... increased production was 438,000 barrels. So the cost of adding production is about $500/bbl.  Doesn't really matter if it's $400/bbl or $200/bbl,  it's much too high.

 

Somehow they must 5 times production and reduce capital expense.  Your statement of reserves being worth $5 per share is not justified by the value of their proved reserves oilman2011. 

 

I guess to put it as simple as I can... you have to advertize Probable reserves to a potential bidder,  with the intent of showing an historic workable business plan of increasing production.  Show that plan oilman2011.