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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 26, 2024 8:23am
133 Views
Post# 35952500

re canaccord:I am talking about a captial raise, something

re canaccord:I am talking about a captial raise, somethingdilutive, i.e a private placement/public offering and the share price over the last couple of days on top of companies comments about a special commitee evaluation possible aquisiontiions of additional properties, which woujld of course require funds. This would F those of us shareholders who are valuing a share price jump based on the metrics of 6000 boepd of oil once a few of these horizontals are drilled. An aquisistion of additional property brings risk, whithout pro rata production from existing operation.
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