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Pin to quick picksArrow Explor. Share News (AXL)

Share Price Information for Arrow Explor. (AXL)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 20.25
Bid: 20.00
Ask: 20.50
Change: -0.75 (-3.57%)
Spread: 0.50 (2.50%)
Open: 20.75
High: 21.25
Low: 20.00
Prev. Close: 21.00
AXL Live PriceLast checked at -

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IN BRIEF: Shares in Canada's Arrow Exploration rise 9% on AIM debut

Mon, 25th Oct 2021 13:06

Arrow Exploration Corp - Calgary, Canada-based oil and gas company with projects in Columbia and Canada - Raises GBP8.8 million from initial public offering on AIM market in London, selling 140.9 million new share at 6.25 pence each. At the IPO price, Arrow has a GBP13.1 million market capitalisation. For every two shares purchased, investors receive one warrant exercisable at 9p over the next two years. The raise is supported by fellow Toronto listing Canacol Energy Ltd, which buys 36.7 million of the shares sold. Canacol now has 41.7 million shares, a 19.9% stake, which would rise to 26.6% upon the exercise of warrants. Following the London IPO, Arrow plans a share placing in Canada to raise an additional CAD500,000.

Arrow is set to drill its second well at the Rio Cravo Este discovery, followed by the first well at the Carrizales Norte prospect. Production from the West Pepper natural gas well in Alberta, Canada is due by the end of the year.

"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," says Chief Executive Officer Marshall Abbott.

Current stock price: 6.84p, up 9.4% from IPO price

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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6 Feb 2025 15:51

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5 Feb 2025 14:01

Arrow Exploration reports drilling progress at Alberta Llanos

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5 Feb 2025 11:01

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Arrow Exploration says Colombian oil venture meets expectations

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17 Dec 2024 13:39

Arrow Exploration reaches target depth at AB-1 well

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28 Nov 2024 11:32

Arrow Exploration reports strongest ever quarterly figures

(Alliance News) - Arrow Exploration Corp on Thursday said it was planning for another year of growth as it realised strong on-year improvements in key performance metrics.

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31 Jul 2024 14:11

Arrow Exploration says Colombia well performs above expectations

(Alliance News) - Arrow Exploration Corp on Wednesday said the CNB HZ-well 1 in Colombia is performing ahead of expectations, while another well as come into production and is also impressing.

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Arrow Exploration says drill results validate new technology

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