OTCPK:ARNBF - Post by User
Comment by
mombasa1on Apr 14, 2013 10:12am
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Post# 21251932
RE: year end looks good
RE: year end looks good Your kidding right?
Let's just say that I'm glad, no, THRILLED that 2012 is behind us and Arcan had better not have a repeat performance. I mean $16 million added to the debt from the Stimsol acid write down? Who's idea was it to buy Stimsol in the first place? Talk about wreck-less spending!
I don't know what to think of their present situation anymore. Yes everything hinges on Waterflood, but when I read DM2 has stabilized production at 1200 bbl/d, but PI Financial said DM2 was close to hitting 2000 bbl/d in their report a few weeks ago. So whats up with that? That leaves me scratching my head again with these YaHoos. Are they purposely misleading us?
The whole report sounded to me like they were trying too hard to paint lipstick on their PIG.
They had better start walking the talk or we are doomed.