Arcan Resources Ltd ARNBF

RE: RE: RE: RE: Taking a chance buying now

[avonbob]

Arcan will miss their Q2 numbers maybe sub 5000 .....as there is no waterflood being implemented in the Ethel pool where the bulk of their production is from you need at least 1 injector for every 2 hz wells in order to maintain pressure above bubble point....on almost 70 hz wells drilled there are maybe 8 injectors most in Deer Mountain you can do the math......Arcan is snowing the market once again ,Penner is an expert at this, about waterflood implementation and the production will show that... older hz wells will fall to production levels similar to a vertical well 40 to 50 barrels a day maybe less without critical water support......the promise the company had last year at this time to now is unbelievable...what happened? the true drivers of the company left and the ones still there are looking for scapegoats to blame for their bad decisions and destruction of value...