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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

OTCPK:ARNBF - Post Discussion

Arcan Resources Ltd > Interesting to note that
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Post by hardeehar on Oct 19, 2012 12:51pm

Interesting to note that

the insiders who have been buying Arcan stock at levels higher than where the price is now are the production & exploitation engineers Kyle Baumgardner & Kevin Gunning.  Both have close to 15 years of experience in reservoir exploitation, stimulation, and miscible flood implementation.

They obviously are confident that their waterflood program will eventually pay off.  I don't doubt that waterflood will work, but when will we start to see a meaningful response and how effective will it be for HZ-MSF wells?

Comment by oilcreep on Oct 19, 2012 2:57pm
Ya but can they add??? You know 1+1 the real technical math for these guys!!! 2yrs ago very little debt and probably boes were not far from what they are today. Im still trying to figure out what value they add? Bernie Madoff brings more to the table
Comment by oilcreep on Oct 19, 2012 3:47pm
I thought these were specifically the 2 guys that were supposed to make a great company even better? So far they just look like a bunch of overpaid,valueless benchwarmers!!! If i destroyed that much shareholder value by spending like a drunken pirates first of all id expect to get a public stoning!
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