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Arrow Exploration Corp 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

Post by Rob0012on Jan 05, 2022 3:12pm
111 Views
Post# 34286401

From Auctus Dec 17 update

From Auctus Dec 17 updateEven better...
Arrow Exploration (AXL LN/CN) C; Target price of £0.30 per share: Executing on strategy: West Pepper adds ~6 mmcf/d production - The West Pepper well in Canada has been tied-in at initial stabilized natural gas production rates of 6.2 mmcf/d with no water production. This compares favourably with our expectations of 5.5 mmcf/d. With the additional production from the West Pepper Well, net corporate production is ~1,570 boe/d, almost tripling net corporate production prior to the tie-in of the well. While this was expected, this is a first important step in the company’s production growth strategy. At gas prices of C$4/mcf and just 5 mmcf/d production, Canada generates >US$1 mm cash flow per quarter. The next catalyst will be the drilling of the Rio Cravo Este-2 development well in 1Q22 that could add a further 400 bbl/d net to Arrow as part of the overall goal of reaching ~3 mboe/d in 1Q23. We re-iterate our target price of £0.30 per share. We continue to forecast that at US$65/bbl for Brent, the company’s net cash could exceed the current market cap by ~YE23. See website for full report  Calima Energy (CE1 AU)C: Target price of A$0.75 per share: Drilling results in line with expectations – The Pisces #2 well encountered reservoir quality as expected and oil and gas shows as prognosed. In early January the two Pisces wells will undergo multi-stage frac stimulation and then be tied-in to existing infrastructure and facilities. Estimated on production date in mid-February 2022.  Challenger Energy (CEG LN)C: Drastic reduction in payables in good news – Challenger has successfully restructured its balance sheet payables from US$22 mm to ~US$2.5 mm, subject to US$1.8mm cash settlement during 1Q22. While the company is not completely “out of the woods” yet, this is a very important step in the right direction. See website for full report  PetroTal (PTAL LN/TAL CN) C; Target price of £0.55 per share: Reaching >20 mbbl/d production. Communities to return Pump Station 5 - The 8H and 9H wells continue to perform very well with production over the last five days of 6.3 mbbl/d and 8.2 mbbl/d respectively. This has resulted in field production exceeding 20 mbbl/d much earlier than expected (1Q22). Drilling of well 10H has commenced on December 11, 2021 with a targeted completion date in early February 2022. In light of current production and assuming well 10H has a similar performance as well 8H and 9H, our production forecast of 16 mbbl/d in 1Q22 looks very conservative. A joint framework between the rob121962 @
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