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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 nlr2on Aug 11, 2014 12:55am
304 Views
Post# 22827013

New Well

New WellI had some time today so I drove by the new well that Anderson is drilling, there is a drilling rig there. Haha. Thats about all I can report from the road. The more interesting part is that Yangarra and Anderson's land base at Willesden Green is side by side. At least in the portion I drove by. There could be some major advantages to not a takeover per se, but a joining. I say not a takeover as Yangarra is not really any bigger than Anderson. However if the two joined it would mean a year end production of 7200 boe/d, much increased cashflow, and combine the facilites and infrastructure that the two companies have virtually on top of each other. Not that I have any reason to think that this would happen as the two seem to both be having some success currently but together and as a collective I think they could be even better.
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