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Arcan Resources Ltd ARNBF



OTCPK:ARNBF - Post by User

Comment by hardeeharon Oct 11, 2012 12:14pm
275 Views
Post# 20473366

RE: disgusting

RE: disgusting

C'mon bakken13, remember what DP said in the Q2 report:

 

Arcan holds a multi-year inventory of low-risk drilling opportunities targeting light sweet oil plays. The Corporation is planning further drilling focused on higher impact production results and continued application of the waterflood process on core properties.

Arcan plans to execute on its strategy to grow production organically by drilling in the Swan Hills area, increasing reserves, cash flow and production on a per-share basis. Having invested in expanding the core Ethel asset from two townships of undeveloped land only a year ago into a strong producing region with infrastructure and waterflood in place, Arcan is shifting to a program of sustainable growth, supported by a strengthened balance sheet and focused cost reductions.


There now, don't you feel better?

 

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