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Bullboard - Stock Discussion Forum 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... see more

TSXV:AXL - Post Discussion

Arrow Exploration Corp > Confession
View:
Post by Kadiddelhopper on Sep 11, 2023 12:41pm

Confession

Wish I understood Warrants.... why is it they are such a drag on the current stock opportunity and price ?... but after Oct 22nd, the skies turn blue?  Admittedly, as a novice I entered AXL months back at the prevailing higher levels not aware of Warrants lurking in the deep. If they aren't good for the Company Capex and current ShareHolders, why are they even an item or issued to begin with.?
Comment by Rob0012 on Sep 12, 2023 6:11am
Kaddi...hope you still can wait with your shares bought at a higher price.  SP will manage through all obstacles to reach higher levels in due time, as management builds value on the ground for us shareholders. Vast majority of juniors from different industries issue warrants to attract investors when doing financings.  When the current BOD took over in 2020 AXL was a disaster (have a ...more  
Comment by Kadiddelhopper on Sep 12, 2023 8:57am
THank-you, Rob, for taking the time to so ably fill in the history as you have. Your ability to connect the dots has helped in my consideration of AXL, further and Yes, I am able to hold for the longer term , esp as the Warrants clear later this year. I have a good impression of Marshall, and especially appreciate the input of " Joe " on occasion and so will stick around for at least a ...more  
Comment by EagleHasLanded on Sep 12, 2023 9:35am
If Axl now plan to have 5 verticals, 11 horizontals and a few exploration wells next year, it certainly should mean the 10000 bod target could be reached by 2023 year end. As Marshall mentioned the horizontals are 3x production. This equates to 1080 or more per horizontal wells! If you can?t beat ?em, join ?em! About ecopetrol, they have ruled out fracking, otherwise business as usual imo
Comment by EagleHasLanded on Sep 12, 2023 12:33pm
I meant 2024
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