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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

Comment by investoil9on Oct 21, 2014 5:12pm
169 Views
Post# 23048719

RE:Tax pool

RE:Tax poolGo back and look at my posts on this topic in this forum in July; its all there. AXL has over $300 M of tax pool credits and Revenue Canada is starting at year end to clamp down on how they are used in a merger or acquisition; as such AXL has good value in these. The value is tricky but one poster back then articulated to use as a rule of thumb 10-20% value accretion on value; so 30-60 MM to the bottom line. I don't know if this is the case or not but clear AXL has them and if they are taken out will be one of the reasons as such.
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