Arrow Exploration Corp CSTPF

Primary Symbol: V.AXL

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

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Post by 666999on Sep 25, 2024 3:20am

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Post# 36239672

2nd drill rig

Next year 2 drill rig - 2 wells per month, target 10-14k boed, this year exit 7-8k boed, Axl is lowest cost producer in Colombia, decline rate is very good, and wells can flow for 20+ years, mgmt is very smart and capable, after all they are in business for a long time, bought more at recent pullback, Axl is now target for a takeover, share price should be now over $1,

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