OTCPK:ARNBF - Post by User
Comment by
hardeeharon Jun 15, 2014 12:31am
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Post# 22661233
RE:RE:RE:RE:Arcan Poised to Break thru .50
RE:RE:RE:RE:Arcan Poised to Break thru .50I think if LTS is going to buy Arcan they should do it sooner than later. Arcan will only get more valuable as time passes. With possible help from LTS Arcan may have unlocked the secret behind Swan Hills success as evidenced by those high-perf wells they drilled over winter. Now combine that success with expanded Waterflood response that gives them a solid production base to grow from...I can see production ramp up quickly under this scenario. With their 10 well drilling program this fall / winter and with IP30 results like last winter's wells Arcan can conceivably exit this year at over 5000 bbls/d, and average that for next year. That growth will continue into next year and beyond.
Arcan is demonstrating that they are turning things around. Good to see.