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

<< Previous

Bullboard Posts

Next >>

Post by 8675309Jennyon Jul 30, 2014 11:49am

279 Views

Post# 22794401

2013 Q2 was Aug 14 - so news in two weeks

I would expect news on or around Aug 14. Lets see what they said in Q1 for clues on what may be coming. The Board of Directors has approved a 2014 capital budget of $46 million. Annual production for 2014 is estimated to average approximately 3,200 BOED (36% oil and NGL). Exit production for 2014 is estimated to be approximately 3,700 BOED (42% oil and NGL). In addition to the seven wells drilled this winter, the Company is planning to drill 15 gross (12.6 net) Cardium and Mannville light oil horizontal wells from the second quarter of 2014 to spring breakup 2015

<< Previous

Bullboard Posts

Next >>

WINNERS of the COP 29: Siemens Energy, Plug Power, dynaCERT!