turkey shoot

Here is a summary of the likely exploration program and approximate oil/gas strike values per Arc share between now and the end of June 07:

Prospect/Potential Value per share/Date/Status

New Taiton $ 0.05 Feb Now drilling
Beharra Deep $ 0.15 Mar Targeted
Yemen Block 35 $0.36 Mar/Apr Pad ready 2-3 wells
Red Hill $0.61 Apr/May Offshore ex onshore
Sugarloaf $0.76 Feb/Mar Drilled,testing
Stokes bay $0.33 May/Jun Test of discovery
Drakea $1.01 Mar Targeted
Valentine $1.84 Jun Drilled ex Stokes Bay pad
Frankland $0.07 Mar Roc close to securing rig
Perserverance $0.11 Mar Roc close to securing rig

Total $5.29

Will they all come in? Highly unlikely.

Will the share price move north of where it is now? Draw your own conclusion, highly likely IMHO.

DYOR. I plan to continue to accumulate up to $1.50 which is where the SP was in November 06 when Money Magazine, Stock Analysis and others were recommending them.