Arcan Resources Ltd. is an Alberta, Canada corporation that is principally engaged in the exploration, development and acquisition of petroleum and natural gas located in Canada’s Western Sedimentary Basin. Since its inception, Arcan has focused on production while building infrastructure for long term sustainability. Arcan has implemented and continues to expand water flood enhanced oil recovery throughout its asset base. Arcan currently holds an extensive multi-year inventory of low risk drilling opportunities targeting 40 API sweet crude.
Arcan enters into Arrangement Agreement with Aspenleaf
On April 22, 2015 Arcan announced a that it has entered into an arrangement agreement with Aspenleaf Energy Limited to which Aspenleaf will, subject to certain conditions, acquire all of the issued and outstanding common shares of Arcan for $0.11 per share in cash. The special meeting of the holders of common shares is scheduled to take place on June 2, 2015. For full details please review the Information Circular.
Arcan does not use e-mails to acquire services and products. If in doubt please contact an Arcan representative directly through our main phone line at (403) 262-0321.