OTCPK:ARNBF - Post by User
Comment by
hardeeharon Nov 12, 2013 12:37am
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Post# 21896259
RE:RE:RE:RE:RE:Watching the Performance of Arcan's Stock
RE:RE:RE:RE:RE:Watching the Performance of Arcan's StockSaying that Arcan is in distress is a bit of a stretch LGS. They still have over 2 years before the first issue of DB's mature in 2016, and 4 years before the 2nd issue matures in 2018. So Arcan has lots of time and is not under any duress for making a quick sale. The DM2 package will fetch an attractive price IMO, when you consider the 10's of millions spent in infrastructure there, and the proven, long-life, stabilized production profile being exhibited thru Waterflood.
I suspect a sale is being consummated now and we will be hearing about it very soon. Hold on to your shares!