Fellow holders, hold tight. I bought ARN at 72 cents when all were trashing it. My posts are at ARN board. I also own SCS and I added today.
ARN has some very good results from Waterflood in BHL, we already know it.
However FEW have noticed that another neighbor, PGH (Pengrowth) has also very good results in BHL acreage.
This is why I believe that SCS (Second Wave Petroleum) that sits on the sweet spot of BHL will have results that will exceed expectations from its waterflood projects. I quote from Q3 2012 report of PGH:
In the Swan Hills area, drilling was focused in Judy Creek South and Virginia Hills. To supplement Pengrowth''s ongoing drilling program, the company is investing significant capital in optimizing production and recoverable reserves from its oil pools in the Swan Hills area, which held 2.3 billion barrels of original oil in place. This is the logical next step following an extensive drilling program that has seen Pengrowth invest approximately $700 million over the past four years. Optimization projects have added 3,100 boe/d over that period through the continued development of Pengrowth''s enhanced oil recovery and water flood schemes, as well as gathering system and artificial lift enhancement projects. Pengrowth remains focused on efficient exploitation of the resources in the existing and new pool extensions in the greater Swan Hills region.