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Arrow Exploration Corp T.AXL


Primary Symbol: V.AXL Alternate Symbol(s):  CSTPF

Arrow Exploration Corp. is a junior oil and gas company engaged in the acquisition, exploration and development of oil and gas properties in Colombia and Western Canada. The Company operates in Colombia via a branch of its wholly owned subsidiary Carrao Energy S.A., with a portfolio of Colombian oil assets that are underexploited and under-explored. It focuses on expanding oil production from Colombia's active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. Its assets include Tapir Block, Santa Isabel (Oso Pardo), Capella Field, Pepper, and Fir. The Company owns a 50% working interest (WI) in Tapir Block with approximately 65,154 gross acres (32,577 acres net). The Oso Pardo Field is located in the Santa Isabel Block in the MMV Basin. Its 10% interest in the Ombu Block contains the Capella discovery. The Company holds a 100% operated WI in 37 sections of Montney P&NG rights on its Pepper asset in West Central Alberta.


TSXV:AXL - Post by User

Comment by TheRock07on Mar 31, 2014 7:04pm
299 Views
Post# 22392601

RE:Firing on all cylinders

RE:Firing on all cylindersYes, still digesting and calculating a few numbers.
Q1 from prelims will be a very robust quarter and Q2 even better.

With lower costs , higher oil to gas ratio and higher prices and earlier payback, there is an excellent chance that we will drill a few more Cardiums.

Two cardiums at $40 net back would add over $7 million in annual cash flows over the first year.

more later
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