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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

Comment by investoil9on Oct 21, 2014 5:12pm
168 Views
Post# 23048719

RE:Tax pool

RE:Tax poolGo back and look at my posts on this topic in this forum in July; its all there. AXL has over $300 M of tax pool credits and Revenue Canada is starting at year end to clamp down on how they are used in a merger or acquisition; as such AXL has good value in these. The value is tricky but one poster back then articulated to use as a rule of thumb 10-20% value accretion on value; so 30-60 MM to the bottom line. I don't know if this is the case or not but clear AXL has them and if they are taken out will be one of the reasons as such.
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