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 > Reality check

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Post by Rob0012on Nov 29, 2022 5:54am

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Post# 35135831

Reality check

Well, it seems not all shareholders had seen the last CEO interviews. Market hates delays of any sort. We'll have to wait till the new year for Arrow to reach the famous 3,000 BOED target. Declines at East Pepper was also much harder than anticipated...so the current total average daily production of rougly 2000 BOED vs the not too long ago announced 2500. With the decline in price of Brent and not too clear tax impacts in Columbia, we might uffer a bit of decline in our SP as well.
Might be time for a bit of profet taking for me.
Cheers!
Rob

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