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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > Report...
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Comment by avonbobon Apr 03, 2012 2:43pm
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Post# 19754222

RE: RE: Report...

RE: RE: Report...

Reserves should be decent but production growth will lag in 2012 with 2 rigs running the decline will outstrip the production adds plus trying to put a waterflood in equals alot of capital spent with flat production....industry wisdom you can't implement a waterfllod with the cashflow from the same property.....CPG will take out after a couple no growth quarters....

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