Bullboard - Stock Discussion Forum 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... see more

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TSXV:AXL - Post Discussion

Arrow Exploration Corp > Last NR

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Post by Rob0012 on May 17, 2024 6:36am

Last NR

In 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