Company
CVE:AXL
Arrow Exploration Corp is a publicly-traded company with a portfolio of premier Colombian oil assets that are under-exploited, under-explored and offer high potential growth. The company's business plan is to expand oil production from some of Colombia's most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins. Arrow's 50% interest in the Tapir Block is contingent on the assignment by Ecopetrol SA of such interest to Arrow.
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Marshall Abbott, CEO of Arrow commented: "We're encouraged by the better-than-expected East Pepper production test, the second well on the Pepper block" adding, "We are particularly encouraged by the material flow rate and the strength and
Analysts wrote in a note that they see the potential for the company's current assets to increase production to over 6,000 barrels of oil per day
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WTI (Oct) $97.01 +$3.95, Brent (Oct) $105.09 +$4.10, Diff -$8.08.USNG (Sept) $9.35 +6c, UKNG 600.0p +60.26p, TTF €260.0 -€39.99Oil priceOil had a big bounce yesterday in thin volume and was also up on the week as well. The usual reasons are
During Q2 2022, Arrow continued to realize good operating netbacks quarter-over-quarter, increasing to $49.18 per barrel of oil equivalent (/boe) in the second quarter of 2022 from $20.16/boe in the first quarter of 2022
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WTI (Oct) $93.74 +$3.38, Brent (Oct) $100.22 +$3.74, Diff -$6.48 +23c.USNG (Sept) $9.309 -37c, UKNG (Oct) 560.0p -20p, TTF €270.70 -€3.88.Oil priceA big rise yesterday based on the interview that I reported on in the blog with the KSA Energ
Marshall Abbott, CEO of Arrow Exploration commented: "We are pleased with the results of the BouryGEC independent reserves evaluation, which reinforces the significant value of our Colombian and Canadian assets"
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27 June 2022*A corporate client of Hybridan LLPDish of the dayJoiners:No Joiners Today.Leavers:No Leavers Today. What’s cooking in the IPO kitchen?Immediate acquisitions (IME.L) is to re-join AIM via a Reverse Takeover of Fiinu Holdings Lim
Marshall Abbott, CEO of Arrow commented: "RCS-1 identified new zones for further exploitation with flowing results returning better than expected"
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8 June 2022*A corporate client of Hybridan LLPWhile we were awayWoodside Petroleum (ASX: WDS) joined the Main Market. Woodside is an ASX listed oil and gas company based in Perth and is Australia’s leading natural gas producer.Intosol Holdi
“Initial evaluation continues to demonstrate the multi-zone potential of this fault-bounded structure,” Arrow CEO Marshall Abbott said
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30 May 2022*A corporate client of Hybridan LLPDish of the dayJoiners:No Joiners Today.Leavers:Origo Partners PLC has left AIM.What’s cooking in the IPO kitchen?AssetCo plc, intends to join re-join AIM. The Company's strategy is to develop a
"We are encouraged with the results of the RCE-2 well, which add materially to our production, reserves and cashflow,” Marshall Abbott, CEO of Arrow Exploration said
The RCE-2 well was spud on April 2, 2022, and targeted a large, three-way fault bounded structure with multiple high-quality reservoir objectives on the Tapir Block
Net income for the 12 months came in at US$5.7 million compared to a loss of US$32.2 million in 2020 on total gas and oil revenues of US$6.5 million (2020: US$5.3 million)
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
"We believe more than one pay zone will be productive," said chief executive Marshall Abbott.
Arrow told investors that the well is targeting a large, three-way fault-bounded structure with multiple high-quality reservoir objectives
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4th April 2022*A corporate client of Hybridan LLPDish of the dayJoiners:Asimilar Group plc (LON:ASLR), currently listed on AIM, has joined the Aquis Stock Exchange Growth Market (Access Segment). The Group invests in the technology and soft
The Canadian energy firm said its proved (1P) reserves grew by 4.1% to 3 million barrels of oil equivalent (MMboe) driven largely by uplift at Santa Isabel in Colombia
A minor delay with rig scheduling has been overcome and the partners on the Tapir Block now expect the RCE-2 well to spud in late-March 2022
