McLeod

Arcan’s McLeod core area offers medium-risk, natural gas targets largely focused in Cretaceous / Jurassic aged strata. The Company has drilled eight (6.1 net) natural gas wells with 75 percent success at McLeod.  

The Future

Arcan has a large inventory of prospects developed by its two geologists. These geologists have worked the McLeod area for over 19 years each and have drilled in excess of 300 wells. Arcan competes in the area by farming-in or acquiring lands only after it has developed drill-ready prospects. This approach allows Arcan to be selective about its land acquisition.

Arcan is also pursuing deeper, higher-impact targets in the area. Arcan restricted capital in this area for 2007 and 2008, to focus on oil development prospects, but may increase its focus in this gas prone area in 2009.