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Arrow Exploration Corp T.AXL


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

Arrow Exploration Corp. is a junior oil and gas company engaged in the acquisition, exploration and development of oil and gas properties in Colombia and Western Canada. The Company operates in Colombia via a branch of its wholly owned subsidiary Carrao Energy S.A., with a portfolio of Colombian oil assets that are underexploited and under-explored. It focuses on expanding oil production from Colombia's active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. Its assets include Tapir Block, Santa Isabel (Oso Pardo), Capella Field, Pepper, and Fir. The Company owns a 50% working interest (WI) in Tapir Block with approximately 65,154 gross acres (32,577 acres net). The Oso Pardo Field is located in the Santa Isabel Block in the MMV Basin. Its 10% interest in the Ombu Block contains the Capella discovery. The Company holds a 100% operated WI in 37 sections of Montney P&NG rights on its Pepper asset in West Central Alberta.


TSXV:AXL - Post by User

Bullboard Posts
Comment by Darwynon Aug 02, 2001 11:11pm
1119 Views
Post# 4058619

RE: Over 1million shares traded!Buyout possible?

RE: Over 1million shares traded!Buyout possible?This company is worth at least 4 x cashflow or a minimum of $ 45.00 cdn.JC has worked hard to build this company to the senior producer it is. He also knows how this game is played better than most. I also think he probably is thinking about his exit strategy so he will be looking for top dollar. I don't believe any value is being factored on the Mackenzie Delta assets and there are a number of US gas producers that are going to need Anderson's huge land stake in this play. Even though gas prices are low this past quarter AXL should do allright next week even though its production is unhedged. This company will get to $ 36-38 on its own, the takeover premium will take care of the rest. A lot of the intermediates have disappeared, AXL will be in someone's crosshairs.
Bullboard Posts

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