Arcan Resources Ltd ARNBF

I Suspect That Either

[hardeehar]

The recent well completions (I think there were 4 ) are flowing high IP test rates or Arcan's fledgling waterflood program is starting to show signs of life.

Oil price declines are not helping the situation here.  But it is good to finally see a little strength come back to the stock ahead of the news.

Yes Bakken it will be very interesting to see how this plays out over the next couple of weeks.

[wordless]

With the VP of engineering and the VP of production buying shares over the last week - I think this almost guarantees that we have some decent IP rates from those wells.    One of those VPs is also the guy in charge of the waterflooding that is happenning - Does this mean the waterflood is working?   Yes, will be interesting indeed.

[cookster9]

This post has been removed in accordance with Community Policy

[wordless]

Depends who you ask.   I bought my first lot at $4 I bought all the way down to $0.64 Last purchase was at $0.70 My ACB is now just above $2 I've bought enough and have no plans to buy more until the Company tells me what the hell is going on with their business.

[GoodAtCharts]

Insider buying is usually a very good sign I think.....

[mombasa1]

You forgot to mention the obvious reason for today's run being the banks retaining Arcan's $200 million revolving credit line intact.  That would be a vote of confidence and a shot in the arm for the SP. Definitely liked what I saw today!  Here's to the start of a SP run that has some staying power! I sense We'll be north of a buck by Friday.