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Arrow Exploration Corp V.AXL

Alternate Symbol(s):  CSTPF

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

Bullboard Posts
Comment by mjh9413on Jan 24, 2020 2:22pm
111 Views
Post# 30595772

RE:RE:RE:Exec and Director changes

RE:RE:RE:Exec and Director changesAs intimated I have never bothered with this one since the CNE 'deal' but upon proper investigation it is clear it really was a dump by CNE. AXL even have significant financial commitments to CNE on any Rio Crave finds and that seems to be their best potential! Just read pages 14/15 of the MD&A and get another picture of how much doo-doo CNE put this company in. CNE was overpaid for what they got from Carrao even when reduced to $15MM+ the $5MM p/n! Meanwhile 2 CNE personnel get paid by AXL. Cannot see how they can possibly get new credit facility from anywhere so do CNE simply cut their losses and liquidate with no value to shareholders??
Bullboard Posts