broker recco, page-5

Interesting to note that both Stock Analysis and Money magazine were recommending Arc last November when the share price was in the $1.50's. Peter Strachan could see $1 upside on the successful drilling of the 2 Canning wells from the same pad as the main basis of his recommendation.

Things have only got better since then with possible commercial gas in Texas and sooner than expected Perth offshore drilling.

I hold 0.1% of Arc and after many months of suffering the war in the M.E., the decline in the POO, institutional sellers, a couple of forced sell downs etc. am finally at break even point ( I was going to say profit but it just went back to $1.34) as of today. Long may it last!