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Last C$0.11 CAD
Change Today 0.00 / 0.00%
Volume 4.8M
ARN On Other Exchanges
Symbol
Exchange
Venture
OTC US
Frankfurt
As of 3:43 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

arcan resources ltd (ARN) Snapshot

Open
C$0.11
Previous Close
C$0.11
Day High
C$0.11
Day Low
C$0.11
52 Week High
06/18/14 - C$0.57
52 Week Low
02/19/15 - C$0.04
Market Cap
137.0M
Average Volume 10 Days
2.2M
EPS TTM
C$-0.36
Shares Outstanding
1.3B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ARCAN RESOURCES LTD (ARN)

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arcan resources ltd (ARN) Details

Arcan Resources Ltd. engages in the exploration, development, and production of petroleum and natural gas in Western Canada. It holds assets primarily in the Swan Hills area, which is located northwest of Edmonton, Alberta. The company is headquartered in Calgary, Canada.

29 Employees
Last Reported Date: 03/25/15

arcan resources ltd (ARN) Top Compensated Officers

Chief Executive Officer, Director, Chairman o...
Total Annual Compensation: C$213.4K
President, Director and Member of Audit Commi...
Total Annual Compensation: C$250.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$207.5K
Chief Operating Officer
Total Annual Compensation: C$224.2K
Executive Vice President
Total Annual Compensation: C$250.0K
Compensation as of Fiscal Year 2013.

arcan resources ltd (ARN) Key Developments

Arcan Resources Ltd. Reports Audited Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Operating Guidance for the First Quarter and Full Year of 2015

Arcan Resources Ltd. reported audited consolidated earnings and operating results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported petroleum and natural gas revenue of $21,692,000 against $25,811,000 a year ago. Cash flow from operating activities was $14,059,000 against $11,466,000 a year ago. Funds from operations were $13,496,000 or $0.14 per share basic and diluted against $7,744,000 or $0.08 per share basic and diluted a year ago. Net loss was $101,673,000 or $1.04 per share basic and diluted against $17,988,000 or $0.18 per share a year ago. Capital expenditures, net cash were $14,959,000 against $2,073,000 a year ago. For the year, the company reported petroleum and natural gas revenue of $119,064,000 against $122,835,000 a year ago. Cash flow from operating activities was $38,847,000 against $58,301,000 a year ago. Funds from operations were $41,981,000 or $0.43 per share basic and diluted against $45,797,000 or $0.47 per share basic and diluted a year ago. Net loss was $109,458,000 or $1.12 per share basic and diluted against $24,518,000 or $0.25 per share a year ago. Capital expenditures, net cash were $33,068,000 against $30,806,000 a year ago. Net debt was $289,940,000 against $313,311,000 a year ago. For the quarter, the company reported crude oil and NGLs production of 3,428 bbls per day against 3,433 bbls per day a year ago. Operating net back was $36.00 BOE against $44.48 BOE a year ago. For the year, the company reported crude oil and NGLs production of 3,712 bbls per day against 3,781 bbls per day a year ago. Operating net back was $53.78 BOE against $52.98 BOE a year ago. For the first quarter of 2015, the company expects production to average 3,500 BOE per day in first quarter of 2015 as the company experienced a pipeline issue which has been rectified. For the year 2015, the company expects production to average 3,300 to 3,600 BOE per day during 2015.

Arcan Resources Ltd. Auditor Raises 'Going Concern' Doubt

Arcan Resources Ltd. filed its Annual on Mar 25, 2015 for the period ending Dec 31, 2014. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Arcan Resources Ltd. Announces Resignation of Murray Hinz as Director

Arcan Resources Ltd. announced that Murray Hinz has resigned as a director of the Company.

 

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