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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 May 30, 2023 6:19am
44 Views
Post# 35469732

RE:Excellent news on CN-1 flow

RE:Excellent news on CN-1 flow "An inch towards the 0.50$Cdn"?  Not to pee on your parade but I don't think so.  With CN1 and1Q23 result announcement, there is no positive surprise.  To the contrary, production of 1,635BOED at the end of March is really far from the promised 3,000 BOED.  That could be a good quesion for Joe (I understand the 2-300 BOED less from Capella and 100 less from Canada, but still.  I believe all of this is fully reflected in current SP and that SP will slowly retrace from 43 to a bit lower than 40 over the coming weeks, unless a new surprise.  Auctus thinks the same as they don't increase their SP target (stable at 50p).  Not being negative.  Just realistic.
Rob
Holding strong but being cautious.  Wts still overhanging.  Would be nice to know how may left at this point (last number we got was 50M).
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