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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 Majeureon Aug 11, 2024 4:15pm
141 Views
Post# 36173644

RE:Nice end of week close

RE:Nice end of week close

I doubt we hear about the next horz until early the following week given they took 21 days spud to prod on their last hrz. though maybe they made even more in roads through drill efficiency. 
I am very interested to see WC progression on horz1 and 2 and initial WC on their next. I expect it to progress  higher but I don't want to see an exponential / power increase from last update. 

I don't expect much from Q2 with shut ins due to disposal constraints and no impact from their recent horz success (expect avg  prod below q1 in the low 2000 now/d range) though I don't want to see any red flags.  

If water cuts aren't through the roof and maybe just showing a linear increase it should be wheels up for this company and SP in my opinion. 

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