Arcan Resources Ltd ARNBF

RE:Arcan Poised to Break thru .50

[nlr2]

Mombasa, I have changed my mind and I agree with you that LTS will buy Arcan. Lightstream currently has two packages for sale. One covers their East Pembina assets the other is 4000 boe/d in Southern Saskatchewan and Manitoba. These two packages, especially the Sask one, should fetch a significant amount of money. With Lightstreams share price going up they could use shares to acquire the 83% of the company they don't hold. Then use the space they have cleared up on the balance sheet to assume the debt and pay off the debentures. 

The sale of the Sask assets shows that the focus is very much off this area. The cardium will be focused down to just West Pembina and Lochend. So adding Arcan to what they currently have at Swan Hills would give them about 8000 BOE/D plus enough infrastructure to ramp up to at least double that fairly easily. 

The sales are scheduled to close near the end of July so I'm thinking something will happen around then. Hope I'm right. Thoughts?