Arcan Resources Ltd ARNBF

Article on Arcan

[Goldblack]

Link is attached for Arcan Article by Guru Focus Titled "Arcan Resources and the Hot Beaverhill Lake

Formation in Canada"....dated Oct 25th,2012

Link>>>

https://www.gurufocus.com/news/193202/arcan-resources-and-the-hot-beaverhill-lake-formation-in-canada

[hardeehar]

That article is misleading as production numbers are way off and bank line extension is just a guess. Stock remains in a holding pattern as we anxiously wait for some news.   If no update is provided this week then I figure well have to wait until the Q3 report in 3 weeks. No news now equates to bad news IMO

[nlr2]

Not really much to report I'd say they have drilled one well this quarter and fairly recently. I emailed them a few weeks ago and they said they were working on a new presentation and website, hopefully roll those out with earnings. Even in the good times Arcan hardly ever released per well numbers so not too suprising they wouldn't report the results from the wells they were waiting to

[hardeehar]

I'm more interested hearing news of the impact their waterflood program is having.   Anything meaningful should be reported, and the recent insider buying would suggest something is happening in that regard. But given their track record of misleading statements and keeping shareholders in the dark it is difficult to believe anything they have to say anymore. With all the pain &

[wordless]

"Not really much to report I'd say they have drilled one well this quarter and fairly recently." ================================== They are currently/recently fracking a few wells (I think 4) and they were to report those results around now if they could report propr to their Q3 (Otherwise they will report with their Q3 report because of the timing).

[mombasa1]

Shows feigning weakness only to recover at EOD.  A bullish sign. IMO It says there's still a whole lot of tree-shaking going on. I agree with hardeeboy if no news by early next week then it's Q3 report Nov. 22. Also get the feeling certain players are taking advantage of all the uncertainty and loading up on shares. What if they are delaying the release of news on purpose? 

[nlr2]

I totally agree. They could have been converting all legacy verticals and some horizontal producers into injectors without telling anyone. Now that the infastructure is in place it would be an easier task, and quite inexpensive. If it works and the share prices goes up then everyone forgets about the debentures again, the 150 million in debt doesn't look as bad and the overhang is gone. Thats