Arrow Exploration Corp V.AXL

From CFO - News

[EagleHasLanded]

When Arrow reaches a threshold of 8,000 to 10,000 bbls/d of production, we believe it would be appropriate to consider dividends.  Until then we are focused on growth.
 
We have growth planned on properties that we currently own (Carrizales Norte, 3D Tapir seismic, Oso Pardo, etc.) as well as potential acquisitions.  We look at and discuss acquisitions almost every day.  Our focus is on increasing shareholder value.
 
Thank you again for your support.
Joe

[Nadzor]

I'm pretty sure in one of the interviews, the CEO mentioned that he plans on Arrow becoming "Dinner" and not the "Diner". So if that's the case, I don't think dividends will be an option even tho they will "consider" it.

[Rob0012]

You are absolutrly right.  When they reach 10,000 BOED they will "consider" divys.  Well, if that isn't a promise, welll MA is nuts!  and he is not!!!  With 40$M+ cash flow per annum, in one year drom now...how much divys that means?  5 cents per share (11M$ for the Co).  How much impact will that one have on the SP? 0.70$?  Let's be patient...!

[EagleHasLanded]

The RCE-3 drilling is going according to schedule.  We are pleased with the rig and crew performance at this time.   We are planning on a blackout period until we can get a news releases to the public on flow rates and other details.   Thank you Joe

[silverT]

Good stuff......can't ask for any better than that , thanks !

[EagleHasLanded]

News from CFO, I asked if no 5 day test means high confidence in RCE-3:   You are correct.  We have enough confidence from the previous well tests that we believe we know what the zones are capable of.   We are expecting to have RCE-3 on production this week.   Thanks Joe

[EagleHasLanded]

Osso Pardo extension was applied for the 3rd time in Q3 2022. We have since met personally with the highest levels at the Colombian Energy Regulator, ANH. We are pursuing a 2 track approach to getting approval.   Waiting on ANH to conclude that our development will not interfere with deeper rights held by Canacol (our 20% shareholder) and a major oil company. Their rights are for

[EagleHasLanded]

From our helpful CFO:     RCE-3 is still flowing.  The pump has not been started at this time.  We expect to start the pump and bring the well up slowly.     RCE-4 is not yet producing.  It will take about 2 weeks to bring on production.   The reserve committee should be meeting early next week and I would hope that the Board meeting to approve

[EagleHasLanded]

Canaccord is maintaining its 'Buy' rating and C$0.65 (40p) target price on Arrow?s stock, which is currently trading around C$0.29 in Toronto. https://www.paidpromotionalmessages.com/companies/news/1008873/arrow-exploration-remains-a-buy-canaccord-says-following-exploration-success-on-the-tapir-block-1008873.html

[EagleHasLanded]

From CFO: How many more WARRANTS need to be exercised - 57 million What is it as a percent remaining - 79% Hope that helps Thanks  

[Rob0012]

Well, there were 70M to be exercised at Sept 30th (last financials) and now 57....and they have til October this year...after that, we'll be clear.  Can't wait til November to see where our SP will be heading!!!!  Wts are getting taken care of slowly but surely.  The London investors paid 6p for their shares that sits at 18 currently (3 times!!!) and got half a wt for each