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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 EagleHasLandedon Jun 20, 2022 12:49pm
167 Views
Post# 34769049

Excellent buying opportunity

Excellent buying opportunity

Arrow does not do fracking, nor need to do it. That and new licenses are the two risks with Petro now elected. However, they might get the Oso Pardo extension before Petro inauguration, which is in August. Nevertheless, as Colombia is a republic, Petro needs support from the two democratic elected Houses. 

it is a great buying opportunity before next well results, which probably adds another 1000 bbls net.

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