Arrow Exploration Corp V.AXL

5000 Bopd

[666999]

Current production 5000 bopd
$40 per boe - $200.000 net per day 
Great results from HZ4 well

[Majeure]

WCs trending up but could have been worse given that initial rise. See how the FCDs work on this new well LT. Hopefully the Canadian impairment is not a recurring cost? hopefully just one time in nature although if they're hoping for AECO pricing to rebound I'm afraid its more likely a dead cat bounce. 

[666999]

3 more wells till end of the year and exit at 6000 bopd, next year 2 drill rigs on site At current production $ 143 M per year and $ 73 M net, 

[Majeure]

It is a bit strange the results didn't move the stock in London. Financials were never going to be great in q2. Water cuts I think are actually net positive vs my more cautious expectations after their prior update. If these wells have 1-1.5 month payouts we ought to see cash starting to build. I also assume their next exploration well has a relatively high chance of success for an exploration

[666999]

But volume is really low, and markets are down... what is important is that bopd is growing,same for cash position, cost of drilling wells are going down, water cut is not important, as disposable well will be tie in, current bopd with HZ4 is 5500, lets wait to market digest news, Actus has write in report, that Arrow is now suitable for M&A, mgmt HAS SOLD 8 companies, this is 9  

[Majeure]

I thought maybe PXT would take a run at this company but after their respective moves today maybe AXL will acquire them LOL 

[Rob0012]

Ha ha ha, I like that!  Traderes have had a bit of fun over the last 2 days but the longer term holders have always won with AXL over the last 3 years or so.  Touched 62 earlier this week to touch 52 yesterday to close at a confortable 56, not bad.  Everthing staying equal, I believe SP will trend back up towards new highs over the next few weeks.  Next HZ well early September,