OTCPK:ARNBF - Post by User
Post by
mombasa1on Nov 17, 2013 11:18pm
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Post# 21914545
Arcan's Q3 Report due this week
Arcan's Q3 Report due this weekThey had better have something to say on the Deer Mtn 2 sale. Its pretty obvious who the potential buyers are and they must have known what they would be getting so I can only conjecture that there exists a difference of opinions on the price. A poster on IV stated that sales of developed oil properties like DM2 have fallen in the $110 - $125,000 per flowing BOE, which equates to approx $150 mil as a low end number for Arcan's package. We will just have to wait & see what transpires.
Other than that the best we can hope for out of the Q3 report is re-affirmation of a stabilized production base and continued evidence of cost declines and water-flood response improvements.