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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).


TSXV:AXL - Post by User

Arrow Exploration Corp > From Joe
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Comment by EagleHasLandedon Oct 19, 2023 1:15pm
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Post# 35691213

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

RE:RE:RE:RE:RE:RE:From Joe In Colombia there is a moratorium on fracking.  The Petro government is also pushing through new anti-fracking legislation that will make fracking in Colombia illegal.  This may change in the future with new governments; however, we are not pursuing any unconventional plays in Colombia at this time.
 
Currently, we do not have plans to test zones other than the Umir with the two 2023 Oso Pardo drills.  Exploration may take place once Arrow is granted an extension.  We met again with the ANH on this matter earlier this month in Bogota.  The ANH is very positive on the extension, and they want the investment in the community.  The holdup seems to be finalizing the anti-fracking legislation.  It does seem that the legislation is moving forward, it is just taking time. 
 
Hope that helps.
 
Thanks
Joe
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