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Arrow Exploration Corp CSTPF


Primary Symbol: V.AXL

Arrow Exploration Corp. is a Canada-based junior oil and gas company. The Company is engaged in the acquisition, exploration and development of oil and gas properties in Colombia and in Western Canada. The Company operates through two segments: Colombia and Canada. In the Llanos Basin, the Company is engaged in the exploration, development, and production of oil within the Tapir block. Its assets include Tapir Block, Santa Isabel (Oso Pardo), and Capella Field. The Company owns a 50% interest in Tapir Block with approximately 65,154 gross acres (32,577 acres net). Its Oso Pardo Field is located in the Santa Isabel Block in the Middle Magdalena Valley (MMV) Basin. The Company also owns approximately 10% interest in the Ombu Block, which contains the Capella discovery. The Capella Field produces approximately 2,250 billion barrels per day (bbl)/d (225 bbl/d net).


TSXV:AXL - Post by User

Comment by EagleHasLandedon Dec 16, 2022 10:09am
53 Views
Post# 35175551

RE:RE:RE:Government to evaluate oil and gas contracts

RE:RE:RE:Government to evaluate oil and gas contracts
The Ministry of Mines assured that with the current contracts Colombia has oil and gas reserves to be self-sufficient and even to export
 
Finally, in the balance it is concluded that, of 118 contracts that are in full execution , with follow-up by the ANH, there are 110 that have a completion date for their exploration stage starting this year and up to 2032. "Contractors can request extensions of those contract terms, so these numbers are dynamic. Thus, then, 70 of the contracts signed in previous years have exploratory commitments to end between 2027 and 2032”, it is concluded.
 
https://www.infobae.com/america/colombia/2022/12/15/ministerio-de-minas-aseguro-que-con-los-contratos-vigentes-colombia-tiene-reservas-de-petroleo-y-gas-para-autoabastecerse-e-incluso-para-exportar/?outputType=amp-type
 
I wonder if Oso Pardo could be extended
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