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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > Arcan taking it on the chin today.
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Comment by avonbobon Mar 08, 2012 4:38pm
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Post# 19645935

RE: RE: Arcan taking it on the chin today.

RE: RE: Arcan taking it on the chin today.

Reality is they will have to do a financing by the end of Q2 to keep a pace of drilling that offsets the production declines...I see a 7.50 take out...the program is too capital intensive for the cash flow to keep up..look at Second Waves recently released reserves..

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