ERCB Approval on its EOR Application for the Chinchaga GG Pool

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ERCB Approval on its EOR Application for the Chinchaga GG Pool

posted on Feb 16, 2009 11:57AM

February 16, 2009

Arcan Announces ERCB Approval on its EOR Application for the Chinchaga GG Pool

CALGARY, ALBERTA--(Marketwire - Feb. 16, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Arcan Resources Ltd. ("Arcan" or the "Corporation") (TSX VENTURE:ARN) is pleased to announce that it has received approval from the Energy Resources Conservation Board on its application to expand the boundaries of the Enhanced Oil Recovery scheme in its Chinchaga Slave Point GG Oil Pool.

Maximum Rate Limitations (MRL's) have been lifted on those wells previously restricted within the pool and those wells are now on Good Production Practice (GPP). This ruling excludes the 14-7-96-9W6 well which will continue to produce under MRL. Arcan will convert the 13-17-96-9W6 oil producer to a water injector as per the requirements of the application and its approval.

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