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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

Comment by gamer007on Mar 28, 2022 1:29pm
68 Views
Post# 34552593

RE:RE:What's up......with 5.50 USD for Nat Gas ?

RE:RE:What's up......with 5.50 USD for Nat Gas ?Mickey2......................I believe it is (PNP) proven not producing status according to the report in 2017, before drilling, the report states 1.8 TCF as it was based mostly on seismic.

The field had not been  in production since then, until AXL hooked up the West Pepper last December.

Front Range, run by Malcom Todd at the time, discovered the West Pepper which at the time,  was the farthest south well ever drilled in the Montney. Called the 3-26 Well, it was drilled 6000 meters down and 2000 meters horizontally, flowed at 5000 mcf on testing, and closed in.

East pepper was drilled 7 kms to the east and was tested at about 4000 mcf, but had bonus liquids as well, and was thought to be a different formation.............so the gas is there........only more drilling will determine how accurate the 1.8 TCF is. Management is in discussions with various parties regarding how to proceceed with this asset...........and I know the offtake is being negotiated for Pepper east production as we speak..........once confirmed it will be brought on line

Pepper prospect is 33 sections, and rerating should occur once reclassified as PDP reserves

In 2017,  Gas prices tanked and Front Range went belly up on some other misfortunate project in the states as well...........subsequently they did a roll back.............and we are still eating that unhappy paper............I also hear we are taking paper from the unhappy, previous management of AXL,who were financial types, who spent a lot of money in Columbia, with a payroll that was triple what we have now, clearly did not know the business...........plus oil prices where still in the tank !
This new team has done this 8 times before.( review management and Director roster)...they fine tuned operations and  cleaned up the balance sheet............hence my confidence and investment thesis. Once the stock gets cleaned up, it will get respect, based on the projected cash flows becoming reality.........patience as usual !

Long winded, but hope this gives some historical perspective on how these legacy assets, through incompetence and poor market timing.............have not had their day to shine !

Penny flippers are having a good time as well, knowing they will not lose at these cheap prices as well.

The 30 year downtrend in commodities in general is over, the charts don't lie !

Timing is always the key.............GLTA


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