Arrow Exploration Corp CSTPF

Primary Symbol: V.AXL

Energy Oil & Gas E&P

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).

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Arrow Exploration Corp > From cfo

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Comment by EagleHasLandedon Apr 06, 2023 1:26pm

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Post# 35383431

RE:From cfo

Joe is always helpful, seems not bad, recovery of 53% is good.

I am including Giovanni (VP Engineering) on this email in case you have any follow up well/reserve questions.

EUR (well life) it is estimated at 550 MBbls of oil according to the reserves analysis (official values). That represents a recovery factor of 36%.

However, management’s estimates are a bit more optimistic with decline analysis, showing 750 MBbls with the actual data we have. We do not have much historical data but the data we have shows a 53% recovery factor.

In terms of years of production, average decline analysis shows production until 2042. 20 year wells more or less.

For your records

RCE-1 has recovered 341,000 bbls to date

RCE-2 has recovered 317,000 bbls to date

RCS-1 has recovered 155,000 bbls to date

Hope that helps.

Thanks

Joe

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