RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News from CFO Back from London this morning. Marshall is still in Europe meeting with additional shareholders.
We had some great meetings with investors. Many of them discussed the perceived warrant issue. My own opinion is that many investors have already sold shares to recoup their investment and provide cash for warrant exercise. Per our press release on June 1st , you can see that Arrow is almost half-way done the warrant exercises. I think the issue is much smaller than people expect.
Marshall is the best person to talk to regarding the extra fault, but I will try my best. Data from the CN-1 well has led to a new interpretation of the seismic at Carrizales Norte. We believe there is a second fault that has the potential to trap oil. We hope to test that interpretation at a later date. Unfortunately, it is too early to speculate on the size or commerciality of any potential oil accumulation.
Hope that helps. Thank you for your continued interest.
Joe