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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 Jul 12, 2022 2:00pm
149 Views
Post# 34818628

Old government plan to sign new contracts- must read

Old government plan to sign new contracts- must read

Clara Lpez asks the outgoing Duque government not to sign new oil exploitation contracts

The request was sent to the National Hydrocarbons Agency and the outgoing president, Ivn Duque.

The senator elected by the Historical Pact Clara Lpez  asked the outgoing government of Ivn Duque to suspend the approval of the New Regulation for the selection of contractors and allocation of areas for exploration and exploitation of hydrocarbons.

"In the last days of its mandate, the Duque Government, with the ANH (National Hydrocarbons Agency), is promoting a new regulation to tie up new areas and contracts for oil exploration and extraction , with questionable and not very transparent regulations," he says. Lopez on his Twitter account.

The elected senator adds that the purpose of the new regulation is to adopt criteria for contracting exploration, evaluation and exploitation of hydrocarbons owned by the Nation and the " signing of the corresponding contracts (...) new regulation eliminates minimum legal contracting conditions and selection parameters objective existing in current regulations, leaving current contracting requirements at the discretion of the president of ANH”.


https://www.rcnradio.com/economia/clara-lopez-pide-al-saliente-gobierno-duque-no-firmar-nuevos-contratos-de-explotacion
 


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