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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > potential investor; insight requested
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Comment by nlr2on Jun 23, 2014 1:11am
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Post# 22684679

RE:RE:RE:RE:RE:potential investor; insight requested

RE:RE:RE:RE:RE:potential investor; insight requestedGood points Mombasa, I agree. Thanks for adding on. If the first series of debentures was paid off they would save around $5 per BOE/D which would go right to the bottom line. So they would lose 32.32(corporate netback) x 1100 boe/d (DMU 2)= 12,976,480 in cashflow for the year. However they would add 5 (interest savings) x 2500 boe/d (rough production figure)= 4,562,500 in savings over the year. So that is a significant benefit, and a big step towards a fresh start.
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