OTCPK:ARNBF - Post by User
Comment by
mombasa1on Sep 27, 2013 12:34pm
231 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.