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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 EagleHasLandedon Dec 16, 2022 10:09am
62 Views
Post# 35175551

RE:RE:RE:Government to evaluate oil and gas contracts

RE:RE:RE:Government to evaluate oil and gas contracts
The Ministry of Mines assured that with the current contracts Colombia has oil and gas reserves to be self-sufficient and even to export
 
Finally, in the balance it is concluded that, of 118 contracts that are in full execution , with follow-up by the ANH, there are 110 that have a completion date for their exploration stage starting this year and up to 2032. "Contractors can request extensions of those contract terms, so these numbers are dynamic. Thus, then, 70 of the contracts signed in previous years have exploratory commitments to end between 2027 and 2032”, it is concluded.
 
https://www.infobae.com/america/colombia/2022/12/15/ministerio-de-minas-aseguro-que-con-los-contratos-vigentes-colombia-tiene-reservas-de-petroleo-y-gas-para-autoabastecerse-e-incluso-para-exportar/?outputType=amp-type
 
I wonder if Oso Pardo could be extended
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