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 Joe

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Comment by EagleHasLandedon Oct 27, 2023 12:56pm

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Post# 35704364

RE:RE:RE:RE:RE:RE:RE:RE:RE:From Joe

Q:
Now that all the October warrants have been exercised we only have 375k November warrants left. As management, Tim Leslie and Canacol all seem to be holding their full allocations, what is your view on the relentless 50k to 100k daily sales? This has been going on for a number of weeks now and would seem to be the main reason the SP is struggling along in the high teens (UK Pence) in a high oil price environment.

Answer:

Very hard question to answer. My best guess is that two things are happening:

I believe it is people recouping their money from warrant exercises which will eventually wind down.

some managers solidifying bonuses before year end.

I will reach out to our financial advisors to see if they have any other insight.

What do you think?

Thanks

Joe

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