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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

Post by EagleHasLandedon Aug 02, 2023 4:59pm
196 Views
Post# 35569881

Warrants issue from cfo

Warrants issue from cfo
I sent Joe a question about this:
Hi Joe
Thanks!
Some forum members have floated the idea of Axl could contact the warrants holders who have a large portfolio of warrants, to ask them if they would sell them or the converted warrants to a large institutional entity. Is that something the company is open to? Maybe the new board member could facilitate such? I don’t know if such is legal but the concerns of share price is under constant pressure is a major concern to many shareholders.
Hope for a sensible answer or any other solution to rise share price. Mcap is very low for all the good work you all do.
Thanks


answer:

That is an interesting suggestion.  We have been working on some of the warrant holders and we believe we will have some good news to announce in the future.
 
Until then, our current stock price is a great buying opportunity.  The warrant issue is behind us, one way or another, after October of this year.
 
Thanks
Joe

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