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 > From CFO - News

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Post by EagleHasLandedon Feb 09, 2023 2:15pm

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Post# 35277769

From CFO - News

When Arrow reaches a threshold of 8,000 to 10,000 bbls/d of production, we believe it would be appropriate to consider dividends. Until then we are focused on growth.

We have growth planned on properties that we currently own (Carrizales Norte, 3D Tapir seismic, Oso Pardo, etc.) as well as potential acquisitions. We look at and discuss acquisitions almost every day. Our focus is on increasing shareholder value.

Thank you again for your support.
Joe

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