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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 fearlessggg1962on Nov 29, 2014 1:27pm
193 Views
Post# 23177209

Debenture

DebentureWhy would i forget the 50M debenture? People keep reminding me! As far as I am concern, Bank of Canada's prime rate is at 1%, RBC's is at 3%. Inflation is low, plenty of money supply in the world, plenty of people willing to loan money on the cheap to people capable of making the payments. Example a schmuck like me can borrow money at 3.5% with collateral and can borrow without collateral at 6.25%. So the present debentures were financed at 7plus%, so more than likely they will find financing cheaper now. There is plenty of money available to finance this new debentures at a decent rate. Just my two bits of common sense. regards Fearlessgg
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