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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P

OTCPK:ARNBF - Post Discussion

Arcan Resources Ltd > Can someone post the Globe and Mail story.
View:
Post by onad77 on Mar 05, 2015 3:12pm

Can someone post the Globe and Mail story.

Can't seem to read it without signing up for a subscription
Comment by flush777 on Mar 05, 2015 4:50pm
Here is the link. https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20150305/RBSWARCAN
Comment by teevee on Mar 06, 2015 12:22am
Converting the debentures saves about $10 million/year, or about an extra 2 wells per year. If oil prices don@t get back up over $80.00, when the hedges roll off, ARN will still be in trouble with about $150 million in bank debt....so the next solution is probably to roll the stock back and do a dilutive financing to further reduce debt......
Arcan Resources Ltd
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