Arrow Exploration Corp T.AXL

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

Energy Oil & Gas E&P

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

Arrow Exploration Corp > AXL valuation

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Comment by TheRock07on Apr 02, 2014 2:59pm

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Post# 22401856

RE:RE:RE:AXL valuation

Goodbye hawkie.
We won't miss you.

Management is conservative and prefer to under promise and over deliver.

Note that this is just a prelim estimate.

As far as I know, it assumes nil from the two summer wells and Allso assumes that none of the final two cardiums drilled in the fall will make any significant contribution to 2014 average production.

Drilling time for the extended horizon this summer should be at about 45 days and a cost less than $4 million.

As I said previously, by Q1 of 2015, production could rise to nearly 5000 boepd including at least two horizontals

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