Arcan Resources Ltd ARNBF

Back to business

[coorsman]

Once again, have a look at these two wells. Go to the map on the new Arcan presentation, and look where these wells are located. It looks like CPG wants to assess for themselves what all of the ARN land in this area might be worth. CPG only just closed the deal with MEL, and they are already licencing a well on that land! Seems like a pretty good sign to me.

 

Considering the incredible rampup of activity we have seen on the east flank of the Swan Hills, most of it initiated by ARN and CPG, it doesn't take much of an imagination to figure out that this play is going to be a huge oil producer in the years ahead.