OTCPK:ARNBF - Post by User
Post by
mombasa1on Mar 12, 2012 1:03pm
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Post# 19658010
Looking Forward as Always..
Looking Forward as Always.. to the 2011 YE report and operations update expected early next month.
Then we should get an idea of where they stand for capital requirements for the rest 2012.
I am encouraged by their remark from Jan. 26 that their 2012 budget provides for the drilling of up to 40 additional wells, for which all services and materials have been secured.
That budget also includes the one-time capital expenditures for the road & Oil / Wtr pipeline installations between Ethel & DM2, that will streamline operations and further reduce Op Costs.
With continued drilling and H2O injection in full swing, I anticipate prod. declines to stabilize and cashflow projections to surprise to the upside.
JMHO