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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 Rob0012on May 17, 2024 6:36am
84 Views
Post# 36044876

Last NR

Last NRIn my view, what I like the most from that last NR is the STILL 12.4M$ in cash.  This amount has been pretty stable over the last 2 years and that tells me that these guys spend the money carefully.  I'm glad they succeed in developing wells and ficing water issues with cash flow only.  What was still missing in that NR is an updated production number, which means it is still under pressure, meaning less or just around 3,000 BOED.  Better set the expectations properly towards the HZ production capacity.  I will be more than happy with a 1,000 BOED rate.  Malcy has no credibility with me.  No offense EHL.
Rob
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