Arcan Resources Ltd. has commenced its winter drilling program and intends to spud its first well by the end of this week. The Corporation plans on drilling and completing up to nine wells this season, the first two being joint interest wells with a partner in Morse River and Deer Mountain West.

Arcan then expects to move the rig to Ethel and will be targeting prospects in proximity to the four successful wells from last year's drilling program that demonstrated high deliverability performance. The Corporation is targeting to have all wells from the winter program on-stream before spring break-up.

Tags: Arcan Resources Ltd.