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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).


TSXV:AXL - Post by User

Arrow Exploration Corp > From Joe
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Comment by EagleHasLandedon Apr 02, 2024 11:02am
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Post# 35965135

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:From Joe Marshall’s comment is correct.  We do see declines due to water cut increases.  Once the wells get to a higher water cut they do seem to flatten out and stabilize.  We believe the horizontal wells will assist with this process and still have higher oil production even with high water cuts.
 
The HZ wells are still on track.  We hope to have the first one on production in May. 
 
Both RCE and CN fields are very busy right now.  CN-7 is in the completion phase, and the rig moves to CN-8 afterwards.  We will then be converting a well on the CN pad into a water injector.  At the RCE pad we are moving oil and water tanks, VSDs, flow lines, etc, in order to set up the three surface pumps for the RCE-1 conversion into a water disposal well.
 
Hope that helps.
 
Thanks
Joe
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