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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 drunk@noonon Mar 24, 2024 5:15pm
130 Views
Post# 35949774

eagle:I meant to say canaccord, the investment firm. Many

eagle:I meant to say canaccord, the investment firm. Many times a firm like this who specilizes in tiny cap resource companies gives coverage/support and in turn gets the busness when it comes to a financing/dilution.  Also of note, I could see one being done in conjunction with what should be good news from the first of the horizontals. TThis happens all the time and P's me off as what should've been a nice jump in share price is used as a corrot for to lure interest in the financing--always done lower than the current shareprice, thus penilizing existing shareholders. I do not know this is going to happen but I've started to get the distinct feeling some kind of financing shoe is going to drop. I hipe I am wroing.
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