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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 fearlessggg1962on Feb 18, 2014 11:51pm
297 Views
Post# 22223080

Debt free

Debt freeAs of November 2013 this company was bank debt free, of course it is using the line of credit and cash to finance the growth now. Convertible debentures is only due in 2016 and 2017 and by that time this company should have lots of cash. I am not sure why some people don't go on their website all information needed Is posted there. Taking debt in order to produce more is not a big deal. So as of today they are probably bank debt free still because the plan was to drill 7 wells at $2.3M each which means they have not burned through their own $24M of cash yet. Also I wish to take this opportunity to thank LaRock07 for some outstanding posts on Anderson Energy. Thank you for a Great Job done! Regards, Gabriel
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