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 Nov 24, 2023 2:47pm

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Post# 35752030

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

Sorry I did not get back to you sooner. Very busy week here with our Q3 release out next week. RCE recovery factor for 2P is 36% Oso Pardo recover factor for 2P is 26% I spoke to Gage and Marshall about your question regarding management investing in Arrow. We believe that management already has a considerable amount invested in Arrow in both cash and time. Our holdings are public knowledge, and they represent a large amount of my personal savings. Arrow is my largest investment. At this point there are no plans to increase my investment in Arrow. Hope that helps, Thanks Joe

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