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 Sep 18, 2023 1:37pm

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Post# 35641748

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:From Joe

We are very happy with the CN-3 well. It is still flowing (ESP is still turned off). Watercut is still less than 1%. Looks like a very good well so far.

You are correct, some of the other wells have shown decline and some of our wells are off unexpectedly waiting for workovers (Oso Pardo). Capella is still off production as well.

The good news is that we have a lot of drilling activity remaining this year and we expect production to increase.

Brent prices ($94/bbl this morning) are also helping the company. It is really an exciting time to be with Arrow.

Thanks again for your interest and support.
Joe

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