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 > Oso Pardo extension

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Comment by EagleHasLandedon Mar 23, 2023 12:54pm

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Post# 35356591

RE:Oso Pardo extension

From Joe:

The Oso Pardo wells produce from a different formation called the Umir. We have three wells producing at Oso Pardo right now. The wells were drilled in 2014 and had IP rates that ranged from 200-800 bbls/d. After the first year they flattened out at 200 bbls/d. Total production from the three wells today is 140-150 bbls/d.

These wells are very economic. Arrow has a 100% working interest in the Oso Pardo block. Please let me know if that helps.

Thanks
Joe

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