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Arcan Resources Ltd ARNBF



OTCPK:ARNBF - Post by User

Comment by mombasa1on Sep 27, 2013 12:34pm
234 Views
Post# 21773313

RE:RE:RE:RE:RE:Divestiture package

RE:RE:RE:RE:RE:Divestiture packageYeah - That really makes me feel a lot better Barneymillar - NOT!

If I was a company looking to make an offer on DM2 and saw evidence contrary to Arcan's stated claims of avg daily production and demonstrated growth from 3 months ago - in my mind that discounts its value significantly.  100 bbls/d is substantial when your only talking about -1400 bbls.  And where is the evidence of prod growth at DM2?

Even if there are well shut-ins, Why can't they take that into consideration when releasing these numbers so that they are not always looking down rather than up?  It's a matter of perception that  Arcan has failed miserably at and could mean $$ millions difference in a sale IMO.
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