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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

Post by midtown1on Jul 12, 2012 10:22pm
321 Views
Post# 20109399

fire sale.

fire sale.

is what they are trying to avoid I'm betting.  The fact there's a review to enhance value suggests that an interested party came forward some time ago.  As always, the price is the determining factor.  looking at the recent sale of Nimin energy who's reserves should have been worth 250 million...got 125 million instead.  My guess is the number here is around 50 cents or half of what's being blogged on AXL's bullboard.  Still that's better than 28.5 cents.  If you bought at a higher price the only way to come out even or above would be to load up now and not sell or put in a stop loss.  More than a few bids are probably from people who sold for 31 cents 2 days ago playing the chart downward and making cash.  GLTA.

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