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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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
Arrow is partnered 50:50 on the Tapir block with PetrolCo and the partners have largely completed the community socialization process and awarded the drill contract to Bogota-based Top Drilling Company
The company highlighted production as of January 21, 2022, net to Arrow of approximately 1,320 boe/d (barrels of oil equivalent per day), benefiting from rising Brent Crude oil prices and strong natural gas prices in Canada
The initial stabilized production rates were 6.2 million standard cubic feet of natural gas, or over 1,030 barrels of oil equivalent per day at 7,214 kilopascal (kPa) tubing pressure, 30,048 kPa casing pressure, and with no water production
"The offering was very well received, and we had participation from institutional and high net worth investors alike," said Max Satel, EVP Corporate Development & Investor Relations at Arrow Exploration
For the period ended September 30, 2021, the Canadian operator reported average production of 575 barrels of oil equivalent per day (boe/d), an increase of 244 boe/d, or 74%, compared to average corporate production of 331 boe/d in the seco
The firm’s core assets, the Tapir Block and the Oso Pardo Field, provide it with low-cost production and contain an extensive inventory of low-risk, high-upside development and exploration opportunities
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Oil is modestly better again this morning after last week’s positive run in which WTI was up $1.48 and Brent rose by 67 cents. The oil market is not seeing any problems right now and is shaking off problems in China and some mixed inventory
Marshall Abbott, CEO of Arrow, said: "We are thrilled to have completed our London dual listing having received such strong support and interest in our story from new and existing shareholders"
"Our offering to London audiences is unique," said chief executive Marshall Abbott
The Colombia-focused oil exploration company said net proceeds of the fundraising will help fund the drilling of two wells at Rio Cravo Este, starting by the end of 2021, and will also be deployed in drilling the Carrizales Norte-1 explorat
The company's average corporate production in the second quarter of 2021 was 331 barrels of oil equivalent per day (boe/d), an increase of 89 barrels per day (bbls/d), or 37%, compared to Q1 2021
A February 2021 independent engineering report estimated an initial production rate of 5.5 million standard cubic feet per day from the well
The company's assets in Columbia provide it with low-cost production and contain an extensive inventory of low-risk, high-upside exploration, appraisal, and development opportunities
The analysts are from Arden Partners and Auctus Advisors, which are both London, UK-based stockbrokers
The company said the dual listing will enhance liquidity for shareholders and give it direct access to London’s capital markets, among the global leaders for capital formation in the oil and gas sector, while broadening its investor base
