Arcan Resources Ltd ARNBF

CPG Buys WSX

[retiredcf]

CALGARY, ALBERTA--(Marketwire - Jan. 25, 2012) - Wild Stream Exploration Inc. (TSX VENTURE:WSX) ("Wild Stream") is pleased to announce that it has entered into an arrangement agreement (the "Agreement") whereby Crescent Point Energy Corp. ("Crescent Point") will acquire all of the issued and outstanding common shares of Wild Stream in a transaction valued at approximately $770 million (the "Arrangement"). Under the terms of the Arrangement each common share of Wild Stream shall be exchanged for 0.17 common shares of Crescent Point, 1.0 common share of a new light oil focused junior exploration company ("Newco") and 0.2 of a common share purchase warrant ("Newco Warrants"). Each whole Newco Warrant will entitle the holder to acquire one common share of Newco at an exercise price equal to its defined net asset value of $1.61 per share at any time on or before the close of business on thirtieth (30^th) day following the closing of the Arrangement. The price and corresponding defined net asset value is subject to review and final approval of the TSX Venture Exchange, of which there is no assurance.

[coorsman]

By the time CPG gets to buy ARN out, we will likely be producing 9000 boed, and we will get a premium to the $109,000/boed that CPG paid for WSX, as our land and production are concentrated and higher quality. We could easily get $130,000/boed. Do the numbers, and smile! :o)

[cookster9]

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[good40]

I haven't read any comparisons between Wild Stream and Arcan.  Mustn't be too flattering or we would have seen it.