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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 3:38pm
97 Views
Post# 30596307

RE:RE:RE:RE:RE:Exec and Director changes

RE:RE:RE:RE:RE:Exec and Director changesWell, basically the assets are of some but little value. The RCE is devalued because of overriding third party interests and remainder of Columbia assets are unlikely to provde growth and some will be lost because of licence and decommissioning commitments (that CNE kindly passsed to AXL) not being met. Maybe the CDN ones have some hidden value but that will also cost money to develop and nothing has been done for years, not even at Fir, the one producing property.  It has a working capital deficit of about US$7MM but that is possibly as low as it is because the real values of its components are off-the-mark. JMHO and willing to be surprised as to what Stifel can pull out the hat.
Bullboard Posts