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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 Jan 04, 2024 4:04am
215 Views
Post# 35809980

NR comments

NR comments
The negative:
Some problems with the Oso Pardo wells but they are anticipated to come online early 2024. So it’s just some delay.
The positive:
The RCE wells are all online. production totals 3200 bod. Not too bad production from RCE 7 and 8. 850 bod net. Total bod with the Oso Pardo wells coming online should mean above 3500 bod. The well program for 2024 is solid and should bring us to above 5000 bod by year end
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