Guy, ARD's huge reserves are what initially attracted me to it. They have an active drilling program to bring more of those reserves online. Net income tripled vs a year ago. This quote by the CEO in today's PR makes the coming 6 months sound very promising:
Arena's Chief Executive Officer Tim Rochford stated, "As proud and excited as we are regarding the results of the second quarter, we are just now beginning to see the production results of our developmental drilling and re-stimulation work on our Fuhrman-Mascho property. We believe that the drilling activity and infrastructure improvements we began in the second quarter will have a very positive effect on the second half results."
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