Bullboard - Stock Discussion Forum 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... see more

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Arrow Exploration Corp > Auctus report (Cont'd)

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Post by Rob0012 on Jun 27, 2022 6:22am

Auctus report (Cont'd)

Production and upcoming programme
Current production in Colombia is ~1,000 bbl/d (net). RCS-1 is expected to add ~500 bbl/d net production from early July. Canada is generating an additional ~500 boe/d. The East Pepper well is expected to be tied-in in September while drilling will resume at RCE in October with the RCE-4 well followed by RCE-5 and the first well at Carrizales Norte. With minimal decline on RCE production, the company is well on track to produce 3,000 boe/d (net) within 18 months of its IPO on AIM.

25-26 by the end today.
GLTA!
Rob

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Comment by EagleHasLanded on Jun 27, 2022 6:38am

Thanks Rob! This is excellent news, I wonder if they really can produce 2000-3000 from this well (and the first one too), if so it is fantastic! It seems they will use the possible other rig to do Gacheta etc. later. So this is wonderful news.

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