Arcan Resources Ltd ARNBF

RE: RE: HIGH DEBT

[profess]

No question Arcan is up to their necks in debt.

I sure hope they can turn things around, as it appears they are executing on their strategy of cost reduction and increasing net backs & cash flow.

As I said before if they post some strong flow rates from the 5 wells being completed that would reclaim a lot of lost investor confidence and lead to a higher SP.  I have a feeling that may be what's happening now.

Seeing a more positive waterflood response in DM2 & Ethel would help too.