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 13, 2023 10:06am

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Post# 35392791

RE:From cfo

Marshall and I are heading down to Bogota in early May to meet with the ANH President and we hope to get some clarity on the Oso Pardo extension and expected timing. The transfer to a new government in August and the change or leadership at the ANH have contributed to the slow process. We will do our best to convince the ANH that the extension is in the best interest of all parties.

Thanks

Joe

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