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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 Oct 27, 2023 12:56pm
172 Views
Post# 35704364

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:From Joe Q:
Now that all the October warrants have been exercised we only have 375k November warrants left. As management, Tim Leslie and Canacol all seem to be holding their full allocations, what is your view on the relentless 50k to 100k daily sales? This has been going on for a number of weeks now and would seem to be the main reason the SP is struggling along in the high teens (UK Pence) in a high oil price environment.

Answer:
Very hard question to answer.  My best guess is that two things are happening:
 
I believe it is people recouping their money from warrant exercises which will eventually wind down. 
some managers solidifying bonuses before year end.
 
I will reach out to our financial advisors to see if they have any other insight.
 
What do you think?
 
Thanks
Joe
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