Your Solid Business PartnerArcan Resources Ltd. is a high-growth junior producer with a balanced portfolio of assets located in the Deer Mountain, McLeod and Hamburg areas. The Company achieved a public listing through the RTO amalgamation of Desco Energy Ltd. and Arcan Resources Ltd. Arcan began trading on the TSX Venture exchange under the symbol “ARN” on January 09, 2007.
2007 Highlights
- Net asset value increased 49% to $3.34 from $2.20;
- 103 percent production growth;
- 17.5 year reserve life;
- P+P reserves grew 49 percent to 7.2 Mboe;
- P+P FD&A cost of $24.11 per boe (including significant facility investments);
- Operating netback of $35.97 per boe;
- Recycle ratio of 1.5 times
- 5.8 times replacement ratio
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