OTCPK:ARNBF - Post by User
Post by
carlos6on Jan 22, 2013 9:10am
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Post# 20870818
drillbit news to come
drillbit news to come Contained in ARN's latest operational update is a continuous string of NRs coming that will keep continued upward pressure on the SP as you can see by the recent chart action.
Excerpt from the report I was referencing...."Along that line, the first PetroBakken Energy Ltd. farm-out well at 06-28-68-09W5 was on-stream November 29, 2012. After completing its production testing period, this well is now producing into a pipeline directly into Arcan's production facilities. The second well in this five to seven well program has already been drilled at 04-19-66-09W5 with completion expected in the first quarter of 2013. Arcan is currently drilling the third well of this program at 05-01-67-09W5. Arcan has also completed and commenced production on three of the four wells on its 10-05-68-08W5 pad. The fourth well is currently in the process of being completed.
carlos