Arcan Resources Ltd ARNBF

Repeat

[tire9]

Previous post to the local DUMMY:-

G40 --please ask a reservoir engineer about the declines expected in the tighter BHL HZ wells being drilled. I try to estimate from past experience in a Cardium field. Seems like 44% of 500 or 600 BBls/day is pretty good, further into the future the oil production and total recovery looks excellent with the proven type of water flood press maint.  MO. Unusual problems last year account for down time and shortage in production. Also trucking, pumpjack installation and battery facilities. Ask an operator if it is desirable to flare the wet natural gas produced with the oil. That is necessary without pipelines and gas plants.
I am not an expert on the numbers that you ask for. What I can say with confidence is that each producing well has specific reservoir properties and will produce enough $90 oil to pay all the expenses many times over. Basic in any business I would think. $10M figure is just another useless #
If you think that drilling out an oilfield is not for profit - THAT IS YOUR PROBLEM

[good40]

Unusual problems tire9 ?  They spent $225 million so the unusual problems only affected production numbers,  it certainlydidn't slow down their activity.  Look,  exit rate for 2010 was 3000 bopd... the average rate for 2011 was 3500 bopd.  Shouldn't matter what the reason was,  those kind of numbers do not support $225 million.  They are about 17k bopd