Arrow Exploration Corp T.AXL

Primary Symbol: V.AXL Alternate Symbol(s): CSTPF

Energy Oil & Gas E&P

Arrow Exploration Corp. is a Canada-based junior oil and gas company. The Company is engaged in the acquisition, exploration and development of oil and gas properties in Colombia and in Western Canada. The Company operates through two segments: Colombia and Canada. In the Llanos Basin, the Company is engaged in the exploration, development, and production of oil within the Tapir block. Its assets include Tapir Block, Santa Isabel (Oso Pardo), and Capella Field. The Company owns a 50% interest in Tapir Block with approximately 65,154 gross acres (32,577 acres net). Its Oso Pardo Field is located in the Santa Isabel Block in the Middle Magdalena Valley (MMV) Basin. The Company also owns approximately 10% interest in the Ombu Block, which contains the Capella discovery. The Capella Field produces approximately 2,250 billion barrels per day (bbl)/d (225 bbl/d net).

TSXV:AXL - Post by User

Arrow Exploration Corp > Just a opinion

<< Previous

Bullboard Posts

Next >>

Comment by alphaomega10on Apr 10, 2015 9:42am

56 Views

Post# 23616904

RE:Just a opinion

I think they realize that a sale is the best option, and it is probably 3-4 months away. Prospective buyers will want clarity on the convertibles and to have the legacy shallow gas sold off. Management will like to see somewhat better commodity prices. They do have the luxury of several months to await better market conditions.

<< Previous

Bullboard Posts

Next >>

Canadians having more difficulty saving for retirement, study finds