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Arrow Exploration Corp V.AXL

Alternate Symbol(s):  CSTPF

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

Comment by Rob0012on Apr 06, 2023 7:09pm
86 Views
Post# 35384110

RE:Crunching the numbers at CN wells + Auctus note

RE:Crunching the numbers at CN wells + Auctus noteThe thging is that Auctus has been keeping 45p target price since October 2021!  What was the timeline to get to this target?  Normally 12 months is the horizon...we're passed 18!  I would have hoped that they would have huked it up a bit on the new reserves announcement...mute, I don't get that.  Still I'm very satisfied with a 45p TP (it closed at 17.7p today).  The political issues are a real matter like it or not.  Violence seems cranking yp a bit out there...no good for us.  Then the wts...  I hate to be right but I'm now expecting our SP to stay within tight limits (27-32cdn) until mid October.  But adding new wells and BOED...will have to be accounted for as some point.  Management iand operators are doing fantastic.  And what if price of oil goes back up over a hundred bucks?  A gem, AXL is a gem!
Rob
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