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.

TSXV:AXL - Post by User

Arrow Exploration Corp > Upcoming drill results

<< Previous

Bullboard Posts

Next >>

Comment by EagleHasLandedon Jan 26, 2023 5:28pm

103 Views

Post# 35248913

RE:RE:RE:RE:RE:RE:RE:RE:Upcoming drill results

From CFO:

The Gacheta wells are extremely economical with a 6.5-month payout at today’s prices. They require no fracs so they are not affected by any fracking bans.

The C7 wells are even better wells with 3.5-month payout at today’s prices. As you pointed out, the C7 wells have better initial flow rates.

The Board approved two Gacheta wells in the 2023 budget. I believe that success at the Carrizales Norte field could turn Arrow’s attention to developing C7 wells and leaving the Gacheta wells in reserve.

Thank you for your questions.

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario