ARC goes looking for love at Valentine

摘要

Following the addition of an expected gross 3,000 barrels of oil per day from new development wells in the Perth Basin,ARC Energy is set to add some incremental production the easy way - buying it.ARC has agreed to pay 2.8 million for the Blina,West Terrace,Lloyd,Boundary and Sundown fields that produce a gross 39-50 barrels of oil per day.While offering only modest production,the seller,Canada-listed Golden Dynasty Resources (GDR) believed workovers of the producing wells could double production.