I agree with debono. It's easy to pick out points in time when...

I agree with debono. It's easy to pick out points in time when companies strougled to grow at historical pace. Most O&G companies have gone through the peaks and troughs i'm sure, so at the moment, Arc is moving sideways until the market believes something more significant is happening.

I would have honestly thought that the Wandoo acquisition would be enough, and to a point the market agreed, we saw the shareprice move up to $1.80+, then back down again we are!!!

Arc are surely on the prowl for oil reserves growth through corporate action, AZA being an example.

I really do think that Arc are close to moving onto the next leg up... give them a few more wells in the Canning which will be better prospects than Valentine (risk wise), and let's see what pans out with corporate deals.