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

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Post by EagleHasLandedon Apr 06, 2023 11:33am

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Post# 35383117

From cfo

From Joe:

That is a good estimate. I can not make any further comments until we press release company production.

I am working on your other request.

Thanks

Joe

Question:

Joe, one more question if I may.

Auctus broker analyst writes this:

We estimate current production at about 2,100-2,400 boepd, including 350 bbl/d net at RCE-4(Natural flow) and 400 bbl/d net at RCE-3 (now on pump with the pump rate being progressively increased)

Would you say it is correct?

Thanks

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