Arrow Exploration Corp V.AXL

Buzz on the Bullboards: Tech gains amid weak commodities

[EagleHasLanded]

Q1 is scheduled for May 30. This from Joe 

[Jonathon Brown]

Weak commodity prices and a significant sell-off among heavyweight financial shares counterbalanced gains. read article.

[Rob0012]

Wow, only 4 weeks before we hear a bout the production rate of our first HZ well!  I expect SP to rise nicely until then and, if successful, which MA seems so confiedent, our SP will explode

[EagleHasLanded]

https://m.youtube.com/watch?v=28XoGjzry84

[InfoIsKey]

Jim's summary https://oilman.beehiiv.com/p/oilman-jims-letter-17-may-2024 Worth reading

[Rob0012]

In my view, what I like the most from that last NR is the STILL 12.4M$ in cash.  This amount has been pretty stable over the last 2 years and that tells me that these guys spend the money

[EagleHasLanded]

his is indeed a significant milestone in Arrow€™s development plan, over recent months I have watched Arrow very carefully and in the next few days I hope to comment about how well they have done and

[PressRelease]

Calgary, Alberta--(Newsfile Corp. - May 16, 2024) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce the spud of the Carrizales Norte B pad Horizontal Well...read article.

[Rob0012]

Exactly.  And don't formation that they trippled their investment in bit more than 2 years.  They always considered their cash in Axl as an investment.  Plus their financial

[deet]

So, I wonder why Canacol sold their entire investment in Arrow on April 24th. That's a lot of shares dumped at once and would explain why we are now sitting in the mid 30-cent range.  Is

[Rob0012]

DEET You asked: "How did he manage to buy shares on the open market (TSX)  for .317 a share? In US dollars maybe but not in CDN?", Well, many events took place over the recent days...

[deet]

Yes, someone from BMO is dumping shares at a measly 34 cents.

[EagleHasLanded]

This is partly from the Canacol sale

[EagleHasLanded]

Notice 1.4 million volume in Toronto tonight, anonymous buying from BMO, 100k trades at 34 cents. SP not moving. Something’s up, anyone have clue?

[deet]

How did he manage to buy shares on the open market (TSX)  for .317 a share? In US dollars maybe but not in CDN.

[Rob0012]

Excellent news!  Eliminates uncertainty as to what the plans are!  With a minimum 1,000 b I ed production expectation per well, this will be another major game changer for our baby!  Au