Arrow Exploration Corp 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).

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Arrow Exploration Corp > From Joe

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Comment by EagleHasLandedon Aug 18, 2023 10:06am

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Post# 35594683

RE:RE:From Joe

Joe on Capella:

Government, communities and the operator, Emerald, are still having meetings and discussions. It seems the government is unwilling to bring in the military to help with protesters, and has made promises of social improvements in the area.

An agreement could be made at any time, but at this point it seems like the parties are still far apart.

When we have more solid information, we will issue a press release.

Thanks

Joe

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