Arrow Explor. Share Chat (AXL)

Looking whats going on in the Middle East oil looks like it will be strong in the next few weeks imo

Let's hope MA doesn't do something similar and sell us out for cheap before value is realised!

Indeed, although most support is on the other board. Following Majid's volte face (not the first culprit this year) I have diverted more cash to AXL in expectation of further growth.

Word for word copied from a little email exchange I had with the company today:-

The AGM is very standard this year. Nothing unusual.

Marshall will give a presentation at the AGM and we will be able to outline management’s intentions for the remained of 2024 and 2025 including the possibility on a second rig.

We still expect a CNB HZ-4 press release this month with a description of the AICD performance.

M1 - are you for real ?

Think it disappoints as it has so far

So far capex and very high oil prices haven’t delivered net cash growth.

Oil is now falling so it won’t get better. I think next cash update disappoints

With increasing production and the very high

Net back even at current prices the cash must be rolling in

Think the downturn in oil will show a weakened performance ahead

Oil getting hit hard again today

Swallowed up and spat out by a sea of blue :)

That was a sizeable trade at 9.49

Ya lol

You need to read rns dated 30th May as Mr B said think you are on the wrong board!!!

What usually happens with these small companies is they can’t outperform the declines. The good thing here is that AXL aren’t laden with debt but the jury is still out on sustained higher production and cash going the right way. So far cash lower is disapointing

With a longer lateral (more perforations) the well is likely to confirm the science and near-term prospects. Marshall is unlikely to be overhasty in pushing for disposal of the company.

. . . a satisfactory bulwark for investors planning retirement because pensions' policy is likely to remain choked for at least 4 years.

Check out ADVFN board Rockride states he has been in contact with the co and they are happy with the drill situation which will be complete by the end of the month and the 2 half results will be announced around the 28th of this month

There’s the investor platform one (from 4pm yesterday) and not seen if evoke have uploaded the one from early morning. I will post the link as and when. Cheers.

Net cash hasn’t been increasing here as many were hoping, suggested before

Oil is down 3% today, not going to help

I think your on the wrong board:)

Right now there’s no sign they have cracked that

If oil starts dropping this would fall fast imo

Nice close of $0.57 in Canada equate to 32 p.

Hopefully getting ready for the next leg up in the not too distant future.

There was certainly the opportunity there whilst the warrant sellers/fears, Canacol offloading and water ingress fears held the sp in place..

Https://www.londonstockexchange.com/stock/AXL/arrow-exploration-corp/company-page

As a guide I find the above a useful trend indicator. Two reports are expected this month.

Perhaps it would have been practical to have taken up more stock when @19/20 . . . wise after the event.

This is yet more amazing news from the Carrizales Norte field where the horizontal drilling programme is yielding up many, many prizes. The announcement states that the CNB-HZ3 well has started production with restricted flowrates of 3,038 b/d and the well is still cleaning up, it could be much better…

The rig has already moved to start drilling the third well in the programme and after that another, the fourth horizontal well. In the meantime the company has converted ‘my’ CN-4 well into a water disposal well which has started its process. Things as they say can only get better and given that the CNB HZ-1 well paid out in under 30 days the company are proving to be fast learners.

For Example, ‘drilling operations at the CNB HZ-3 well took 21 days from spud to on production and cost approximately $4.0 million gross ($2.0 million net to Arrow)’. The improvement represents the learnings taken from CNB HZ-1 as the operations team continues to focus on improving capital and operating costs and creating further shareholder value. This has made the financial position very strong indeed, FCF generation continues, they are clearly funding their own story and have managed to strengthen the balance sheet whilst drilling, a rare thing indeed.

I remain all in on Arrow who continue to deliver in spades, they hold many other cards in the deck too, I decided to get more realistic about Target Prices in my note of 28/6/24 and so I think that 75p is a not unrealistic place to travel to. Arrow should outperform most in the sector and are holding up the Bucket List.

For Zac Mir fans

“Arrow Exploration Corp. (AXL), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, provided an update on operational activity, particularly at the multi horizon, Carrizales Norte field on the Tapir Block in the Llanos Basin of Colombia where Arrow holds a 50 percent beneficial interest. AXL said the continued success of the horizontal well program at the CNB pad, has led the Company to plan two additional horizontal wells which Arrow intends to drill before the end of 2024, depending on technical aspects and regulatory approvals.

Comment: At 30p plus the share price of AXL is starting to reflect the fact that AXL keeps spudding here, there and everywhere. However, there is still a long way to go in valuation terms to reflect the strike rate of the company.”

Bound to be profit taking. the fact is, every time they kick the ball they score... monthly updates like this and i will tax my car.