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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P

OTCPK:ARNBF - Post Discussion

Arcan Resources Ltd > 2nd Quarter Report
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Post by hardeehar on Aug 15, 2013 10:40pm

2nd Quarter Report

Is expected any day now.

A year ago Arcan misled everyone with their 6000 bbl/d EOY forecast DP stated at the AGM,  only to drop a bomb 6 weeks later in their Q2 report that production at EOY is expected to come in around 4000 bbls/d.  The final number turned out to be ~3800 bbl/d. Ridiculous!

So I wonder what surprises they have to announce for us this year?  Another 1/3 drop in their EOY production estimate?  It's pretty sad that Mgmt still can't be trusted with their history of false claims.
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