RE:RE:News for drill completion and zones to test in next few daysFROM DEC 13th NR The West Pepper Well was brought on production at an estimated capital cost of approximately US$1.3 million.
C$3.87/GJ as of December 12th, 2021, being approximately 30% higher than the 2021 Q3 average of C$2.97/GJ.
JANUARY 27 NR
- 868 boe/d gas production from Canadian portfolio
The Company is benefiting from currently robust natural gas prices in Western Canada. The February 2022 natural gas futures contracts price at the AECO hub (the benchmark for natural gas prices in Canada) was C$4.30/GJ as of January 24th, 2022, being approximately 11% higher than the nearest-month futures contract price of C$3.87/GJ as of the first day of production from West Pepper.
Based on prevailing AECO natural gas prices Arrow expects West Pepper to generate approximately US$298,000 in cash flow in January 2022, prior to G&A expenses, in addition to approximately US$28,000 in cash flow expected from the Company's share of production at the Fir natural gas asset (approximately 93 boe/d).
Based on prevailing Brent Crude oil prices, Arrow expects its Colombian oil assets to generate approximately US$450,000 in cash flow in January 2022, prior to G&A expenses.
Cash machine in the making but lets goooooooooooooo tie in East Pepper......pretty please haha
GB
goldboyz2 wrote: Do you think we will trade sideways or possibly down until the 25 metre step it out is on production?
RCE 2 was spudded and then took almost a month to test the zones on production, stock hasnt moved much since RCE 2 spudded....we might have to wait until step out well is on production and get numbers imo
East Pepper tie in still hasnt happened...... not sure how AXL can tie in West Pepper at what $3.00 back in December compared to now at $9.30.....are these guys stupid......... it will only cost $1.2 million to tie in east pepper............. with both east and west pepper tied in would generate minimum $800,000 roughly in revenue or more per month !!!
After this step out well and once its put on production at 500 bopd net to Arrow....... like this will be a cash making machine of a company !
WTF is the hold up......... old paper still exiting is my guess and lack of promo as volume is back to being dry........or is it the 16 million company warrents that get to be excercise holding us back ?
GB
gamer007 wrote: Management has not dissapointed to date...............and I expect update news in next few days !
As step out was only 25 meters, off same pad............and directional drilling away from RCE 2
The same structural zones are expected..................ALL music to my ears...........
East pepper tie in is getting closer for announcement................more gas production is welcome !!
Stock recovering from oversold condition on pullback from touching 33 highs...........Trading at 18 pence on AIM...............or 30 cents !
Next well should put us over 2000 bopd.............nice solid cash flow at 120 brent !!
GLTA