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Arrow Exploration Corp 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 > From Auctus Advisors' report
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Comment by Rob0012on Jan 06, 2022 7:36am
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Post# 34288227

RE:RE:From Auctus Advisors' report

RE:RE:From Auctus Advisors' reportOk but how does Oso Pardo fit into AXL plans detailed on page 6 of the investors presentation?  Unless that is why an updated presentation is in the making?  Cause on page 22 we read:

• Leveraging off the company’s existing Oso Pardo development
• The majority of VMM-2 is in the process of being relinquished
• Arrow is applying for an extension to its existing license to cover the entire potential Oso Pardo development; Canacol has agreed to assist Arrow with obtaining the extension
• Based on P50 development size of 20 wells, Oso Pardo could contain 9.6MMbls gross
• Overall development has been modelled by Gaffney Cline as reaching as much as 4,000 bbls/d, gross, in the P50 case
• Opportunity for Arrow to develop at 100%

Maybe they got the permit?
Rob

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