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.

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Arrow Exploration Corp > T.A. looking good

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Comment by Troyahorseon May 23, 2015 11:53am

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Post# 23757344

RE:RE:RE:RE:RE:RE:RE:T.A. looking good

Or I am totally wrong and they may expect maybe 4-5 million? If that is the case, even if they sell all of those assets it will not be enough to make a dent on the Jan 2016 DB debt?
Soory the table long from AXL website may not paste properly, but you can get the point.
Thanks

GLJ estimated that as of March 31, 2015, Anderson’s interests contained remaining proved plus probable reserves of 41,000 barrels of oil and natural gas liquids and 2.6 Bcf of natural gas (478,000 boe), with an estimated net present value of $5.1 million using forecast pricing at a 10% discount.

Property Reserves (Proved + Probable)

Oil Nat Gas NGL Total (Mbbl) (MMcf) (Mbbl) (Mboe)

PV Before Tax

P+P 10% (000's)

Production (Q4-2014)

Oil & NGL Nat Gas Total (bbl/d) (Mcf/d) (Boe/d)

Innisfail 20 986 19 203 $1,757 10 212 45 Gilby - 1,477 2 248 $2,342 3 858 146

Cardiff - 160 - 27 $105 - 180 30 Pembina - - - - $930 - - -

T O T AL 2 0 2 , 6 2 3 2 1 4 7 8 $ 5 , 1 3 4 1 3 1 , 2 5 0 2 2 1

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