"Arcan  acquisition  was  the  best  way  fro  PBN  to  boost  its  oil  production as  Beaverhill  Lake  is  oil  rich."

 

PBN did not acquire ARN and is not boosting its oil production from its equtiy investment in ARN.

 

PBN did participate ina  farm-in deal with ARN, but PBN did not aquire any production with its purchase of ARN shares.