Arcan Resources Ltd ARNBF

RE:Arcan slowly gaining traction

[mombasa1]

They say those high-performance wells at Ethel were offset wells not that it makes much difference.
I too find it hard to believe they had just found a sweet-spot given the fact they have drilled upwards of 100 wells and are only now seeing these kinds of results.  I agree that they must have changed their completions method.  If I was Arcan I would move up the drilling program to prove they can replicate the results of those last 4 wells ASAP.  The highest producing well category Arcan has mapped out in their presentation is 220 bopd IP30.  3 of the last 4 wells came in double that amount.

If Arcan can continue to repeat these results then that greatly enhances the economics of the entire play.  As a previous poster stated they can drill themselves out of their financial problems.  It's a game-changer for sure.