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.

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Arrow Exploration Corp > Auctus report (Cont'd)

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Post by Rob0012on Jun 27, 2022 6:22am

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Post# 34783863

Auctus report (Cont'd)

Production and upcoming programme
Current production in Colombia is ~1,000 bbl/d (net). RCS-1 is expected to add ~500 bbl/d net production from early July. Canada is generating an additional ~500 boe/d. The East Pepper well is expected to be tied-in in September while drilling will resume at RCE in October with the RCE-4 well followed by RCE-5 and the first well at Carrizales Norte. With minimal decline on RCE production, the company is well on track to produce 3,000 boe/d (net) within 18 months of its IPO on AIM.

25-26 by the end today.
GLTA!
Rob

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