Arcan Resources Ltd ARNBF

RE: RE: Article on Arcan

[nlr2]

Not really much to report I'd say they have drilled one well this quarter and fairly recently. I emailed them a few weeks ago and they said they were working on a new presentation and website, hopefully roll those out with earnings. Even in the good times Arcan hardly ever released per well numbers so not too suprising they wouldn't report the results from the wells they were waiting to complete. In more upbeat news PBN licensed two swan hills wells, one of which is quite close to Arcan's most recent license. These coupled with the well PBN drilled at Deer Mountian is an interesting turn of events. For a company of PBN's size their current Swan Hills package wouldn't really make a meaningful impact in a development phase. If they keep feeling around the borders of Arcan's land it would make me start to wonder.