OTCPK:ARNBF - Post by User
Post by
hardeeharon Aug 15, 2013 10:40pm
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Post# 21675086
2nd Quarter Report
2nd Quarter ReportIs expected any day now.
A year ago Arcan misled everyone with their 6000 bbl/d EOY forecast DP stated at the AGM, only to drop a bomb 6 weeks later in their Q2 report that production at EOY is expected to come in around 4000 bbls/d. The final number turned out to be ~3800 bbl/d. Ridiculous!
So I wonder what surprises they have to announce for us this year? Another 1/3 drop in their EOY production estimate? It's pretty sad that Mgmt still can't be trusted with their history of false claims.