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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

Post by EagleHasLandedon May 16, 2023 2:03pm
117 Views
Post# 35450754

Malcy

Malcy Https://www.malcysblog.com/2023/05/oil-price-arrow-zephyr-petrotal-afentra-tower-prospex-and-finally/ This was another exceptional well result from Arrow where even I continue to be astounded by the success of the company in the Tapir Block in Colombia. With three high quality sands producing 148€² of net pay this well must surely have significantly beaten pre-drill estimates and will add to P2 reserves and of course when it comes on production cruise past existing rates. But this is already in the statement and we have become used to wells that are quick and cheap to drill and payout in next to no time adding to production and reserves. I have no doubt whatsoever that this is an outstanding company building a portfolio of some significant value in an area that has still to be discovered. I am not going to change my target price as a result of this well but I surely will do after CN-2 or the end of the campaign and I notice that other analysts are slowly catching up with my number I activated last year. The 50p target price would still involve the shares more than doubling but the shares are so cheap that upping the TP is only a matter of time.
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