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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 EagleHasLandedon May 29, 2023 6:46am
83 Views
Post# 35468340

RE:RE:RE:RE:RE:News from CFO

RE:RE:RE:RE:RE:News from CFO From Joe, so this answers why they don’t perforate different zones in the same well: Question: Will CN1 be able to produce from all zones in one well? If not, why not? Can’t the well be perforated in all zones? I don’t understand why not Answer: ANH rules only allow for production from one area at a time. For example, we can produce from all of the C7 zones at one time. This means that the C7 stringer, C7A and C7B (and others) could all be producing at the same time. Then we could move down and produce from all of the Gatcheta zones at one time. Etc. There could also be pressure and oil quality differences between the different areas that could prevent us from turning everything on at the same time. Hope that answers your question. Thanks Joe
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