OTCPK:ARNBF - Post by User
Post by
iaminvestoron Nov 30, 2012 12:43pm
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Post# 20667198
2P RESERVES
2P RESERVES Arcan starts to get what it deserves although the tax loss selling keeps it at ridiculously low levels....
ARN has still a significant 2P Reserves and this must not be ignored . Its per Mboe valuation is still much much lower than the one of its peers. gl to the holders here.
SCS is even more undervalued than ARN imo.
SCS had 11 MBoe (85% OIL) in DEC 2011 WITHOUT adding any reserves from its big drilling success in H1 2012 when it hit wells with IP 5000 boepd. SCS had 4 wells in the TOP-16 wells of Canada as the article below clearly notes:
https://seekingalpha.com/article/878531-is-second-wave-petroleum-a-buyout-candidate-for-the-second-half-of-2012?source=yahoo
The new Reserves report will be released in early 2013. I believe SCS 2P Reserves will be close to 20 MMboe (80% OIL) after the success of H1 2012.