Arcan Resources Ltd ARNBF

RE: RE: RE: Nothing has changed

[letraline]

Nightowl you do not understand the farm-out concept. Arcan operates the wells and property and pays 20% of the cost while Petrobakken pays 80% of the costs. Arcan retains roughly 50% working interest after Petrobakken has met their committments. ARN is using 20 cent dollars to develope their lands which is very financially efficient. As these wells must be drilled in the winter season you should not expect to hear any results until later in the Spring. There is NO SCANDLE when companies use the farm-out route to have their lands evaluated. The fact that ARN retained the operatorship of the wells and contributed to the cost of the wells indicates that they must feel those locations are good.Check out their corporate presentation.