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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > HIGH DEBT
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Comment by professon Aug 30, 2012 2:11pm
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Post# 20280649

RE: HIGH DEBT

RE: HIGH DEBT

I don't know how you came up with $100k/boepd, but by my calcs it is market cap divided by daily production rate,  or $150,000,000 / 5000 boes/d (approximately), which equates to approx $30,000 /boepd.

Am I missing something here?

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