re: existing oil fields passed their peak - org The cash decrease is extremely disappointing. If it keeps going in this direction there will be no cash left for much needed acquisitions / developments.
This quote taken from the Dec quarterly says it all:
"Cash is forecast to increase significantly during the next quarter." What more do I need to say. The company isn't even meeting its own expectations.
Finally:
Business Development
"A separate Business Development unit was established during the March quarter to focus on growth opportunities for the Company without the responsibility of dealing with daily operational issues. This was to ensure the implementation of ARC’s growth mandate as outlined in the December 2005 Quarterly Report. The Business Development Unit is headed by the Managing Director, Eric Streitberg."
Would be nice to hear something from them or see some action. When?
along for the ride, page-7
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