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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 Mar 31, 2016 12:49pm
87 Views
Post# 24715811

RE:investoil?

RE:investoil?I guess the way I envision it; debs get settled with shares, deb owners "own" the company, share rollback, company gets sold or price rebounds and they put forth a drilling plan. The company had zero foresight in how to manage long term debt and lo and behold, with a 75% price collapse and you get a situation where every person on earth can have 2.4 shares of a company that has 1,700 bpd of oil. The very notion that the company has to explain and justify how a reverse share split works and how theoretically you don't lose any value and can now attract institutional investors if the share price trades over $1.00 was great for a good laugh. They should have inserted there that also in 2016 AXL was shorted at $0.01 and we currently have 600,000,000 shares available at $0.005!! Settle the debs, consolidate (for those who don't know, that's normally called a reverse stock split!), sell it and hope you get something back down the road. That is my hope today owning the commons. They aren't worthless but if every person on earth has 2.4 of them, they aren't that sexy either. DYODD; good luck. Hopefully they can recover.
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