Arrow Exploration Corp V.AXL

Alternate Symbol(s): CSTPF

Energy Oil & Gas E&P

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.

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Arrow Exploration Corp > From Joe

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Comment by EagleHasLandedon Sep 08, 2023 5:14am

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Post# 35625559

RE:RE:RE:RE:RE:RE:RE:From Joe

At Carrizales Norte there are three major faults. The Tapir block has many faults.

In western Canada and the US there are many years or horizontal experience. The rule of thumb is that horizontal wells (depending on the length of the horizontal section) cost 1.5 times as much as a vertical well and produce 3 times as much hydrocarbons. Horizontal wells have had very good results in thick, heavy reservoirs, like the Ubaque.

Colombia has also had success using horizontal wells in thick reservoirs.

Hope that helps.

Joe

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