Arcan Resources Ltd ARNBF

RE: sucks to be long this stock

[wordless]

Read the PBN reserve report.  First two wells on ARN's land (Swan Hills) produced approx 500 bbl's each over the first month.  In time, the farm-in results will be released by ARN - That and the waterflood will show where this stock goes.  I think the market is bored due to lack of news from ARN (but it is coming - positive or negative).

 

You doubt PBN or CPG wants to buy the Company, yet they are willing to do farm-in's on their land and give production away for free?  Highly doubt it.  You need a willing seller before you get a deal and ARN doesn't want to sell itself cheap.  Either PBN or CPG going hostile at this point would be great for ARN but they both know that  the other one won't let them get it cheap and they'd have to overpay.

 

 

https://www.petrobakken.com/news/view/1/petrobakken-announces-2012-reserves-replacing-229-of-2012-production-and-achieving-proved-plus-probable-fd-a-costs-of-11-91-boe-and-f-d-costs-of-26-74-boe