Post by
MyHoneyPot on Jul 09, 2021 2:15pm
Shareholders Exposed to Misguided Management RISK!
Brillant Management plan,
Arc Management will spend 600 million dollars, to build Attachie and 90 MMcf of processing and avoid the risk of running short on the 533 MMcf of spare processing capacity at Kakwa.
The Kakwa resource is connected to not one, but two major transportation pipelines, a project that we can switch between two major transmission routes. However, Arc management thinks it is lower risk to pursue Attachie which does not have the same redundancy in place, in terms of plant and transportation.
Arc has a project with the largest PDP Liquids reserves in place in the Country, and we will pursue a project without published economic and known Treaty 8 issues.
We have a project Kakwa with more than 45,000 half cycle boe of production available and we are putting shareholder returns on hold, compromising the balance sheet, and letting the share price falter while we pursue managements high risk Attachie agenda.
Management does not know the definition of risk, and we are being subjected to risk as a company pursing this ill-conceived plan
IMHO
Comment by
topdown99 on Jul 09, 2021 2:30pm
Anything he can do I can do better , I can do anything better than you No you can't Yes I can No you can't and the band played on ........
Comment by
Trapped on Jul 09, 2021 2:34pm
You should run for president of ARX so you can straighten things out. But wait, that's not a thing and you're not the least bit qualified. Sorry... But by all means keep whining like the pathetic loser baby victim that you are!
Comment by
probowler900 on Jul 09, 2021 6:04pm
Can't wait to hear your voice on the next conference call with all your insight. Might get hired on the spot!!