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.
2008 Highlights
- Net asset value increased 37% to $3.77 from $2.73 (NRF adjusted);
- 27 percent production growth to 1,498 boe/d;
- 18 year reserve life;
- P+P reserves grew 36 percent to 9.8 Mboe, 76% proved and 82% light oil;
- P+P FD&A cost of $16.18 per boe;
- Operating netback of $53.98 per boe;
- Recycle ratio of 3.3 times
- 6.0 times replacement ratio
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