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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

Post by Rob0012on May 08, 2023 5:51am
123 Views
Post# 35435858

News flow

News flowHere are next weeks, months and qtrs development plans, from Joe:

We fly to Bogota today and have our meeting with the ANH towards the end of next week.  Your schedule is almost correct, I would change it to the following:

 

Carrizales Norte 1 – TD should be in the next few weeks, and we will be able to review logs.  On production in the beginning of June we expect.

 

3D seismic analysis results – the shoot has been completed and we are now processing results.  This will take a few months.

 

With good results at Carrizales Norte we plan to drill two more wells, CN-1 and CN-2.

 

Back to RCE – 2 more wells at RCE.

 

Oso Pardo – 2 wells in Q3/Q4 at Oso Pardo.

 

Oso Pardo extension confirmation – this is in the hands of the ANH.  Difficult to understand their timeline.  Hopefully we will understand more after this meeting.

Rob
Holding strong

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