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Arrow Exploration Corp T.AXL


Primary Symbol: V.AXL Alternate Symbol(s):  CSTPF

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 midtown1on Jul 12, 2012 10:22pm
320 Views
Post# 20109399

fire sale.

fire sale.

is what they are trying to avoid I'm betting.  The fact there's a review to enhance value suggests that an interested party came forward some time ago.  As always, the price is the determining factor.  looking at the recent sale of Nimin energy who's reserves should have been worth 250 million...got 125 million instead.  My guess is the number here is around 50 cents or half of what's being blogged on AXL's bullboard.  Still that's better than 28.5 cents.  If you bought at a higher price the only way to come out even or above would be to load up now and not sell or put in a stop loss.  More than a few bids are probably from people who sold for 31 cents 2 days ago playing the chart downward and making cash.  GLTA.

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