Arcan Resources Ltd ARNBF

RE: RE: Thanks for the update avonbob

[avonbob]

I think something that the whole board is missing is that no waterflood was ever implemented beyond the borders of Deer Mountain Unit 2 the asset is great coupled with a waterflood without it the wells fall off to being a vertical producer...Penner and Gilmet touted a waterflood saving the day but it was never being implemented will the lied to the market as an engineer I see one injector being added in Ethel for 20 plus Hz wells......doesnt work and hence the stock price being hammered...they knew 2 years ago what was needed to develop this asset yet ignored it in the chase of high rate production tests forgetting full cycle economics....snowbird if the present team is happy with production that is even scarier....and as I see it Penner is still spinning this as someones elses fault being the naive CFO...ask Scott Dawson what he thinks of Penner.....there was an reason he was run out of Open Range....it is getting kinda pathetic a recap is in order...great asset bad management...