Arcan Resources Ltd ARNBF

RE: RE: $500 million market cap

[good40]

$5 million per well,  $2 Billion in drilling expense... is that correct tire9 ?  All I'm asking is for someone to show the historic field performance that can support the capital expense.  They spent $225 million this year and increased average production by 1200 bopd to the 3500 bopd level.  You do agree with that don't you tire9 ?

How much are they going to spend in 2012 and what is the expected average production rate ?  If the economics are similar to 2011... it isn't good.  If they improve... then show how and why.  Your humor is terrific tire9,  but there comes a time to answer some difficult questions.  If you bury your head in the sand,  the lights could be out by the time you come up for air.