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

<< Previous

Bullboard Posts

Next >>

Post by Rob0012on Feb 22, 2023 5:30am

230 Views

Post# 35297672

From Canaccord Genuity analyst

Exerpt from analyst's report:

Meanwhile, Canaccord observed that as always it is the production delivery that “matters most,” and the company plans to start oil flow gently from RCE-3 and manage the production ramp-up to maximize the overall well recovery and value.

Canaccord maintained its “Buy” rating and target price of C$0.65 on Arrow shares. Arrow stock jumped 3.33% to C$0.31 in morning trade on the TSX Venture Exchange.

Rob

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario