#AXL $AXL.V @corp_arrow Has been waiting for years for two licenses. Firstly the extension on their Tapir block, where they are producing over 5000 bopd and a fresh license on Oso Pardo to develop the shallow discoveries. Hopefully get a result on both post election in Q3/Q4
#AXL $AXL.V @corp_arrow Looks like the results of the two km step out Icaco 2 well will be out next week ⬇️⬇️. Referenced v positively in the interview below
#AXL $AXL.V @corp_arrow It's all hotting up in Colombia. M&A in action. Ecopetrol is divesting some non core assets. It looks like we have a significant regime change which should free up the oil and gas sector. Licensing and permitting should be given fresh impetus. @corp_arrow producing over 5000 bopd, must have $30m on the balance sheet, a $20m facility for acquisitions and it has just drilled a huge step out well on it's fifth discovery in the Tapir block. Everything shaping up nicely.
$24m in the bank and a recent $100 plus a barrel oil price mean that there is not much to think about regarding trying to gild the lily as far as what the true share price of #AXL should be. Indeed, the company’s high exploration success rate is effectively thrown in for free. https://t.co/VgbYElbVCj @ZaksTradersCafe
#AXL $AXL.V @corp_arrow#oil Another successful exploration well! Drilled in just 4 days. Look at those intersections. This could be the biggest discovery so far, excellent news. Always a bit nervous on an exploration well but they have nailed it.
"The Icaco 1 exploration well (IC-1) was spud May 5, 2026, and reached target depth on May 9, 2026. The IC-1 well was drilled, on time and under budget, to a total measured depth of 7800 feet (7524 feet true vertical depth) and encountered multiple hydrocarbon-bearing intervals.
Log analysis shows 30 feet of pay in the Carbonera C7 formation, 15 feet of pay in the Gacheta formation and 26 feet of pay in the Ubaque formation.
Arrow plans to production test the IC-1 well in the three formations that are hydrocarbon-bearing on petrophysical analysis, the Carbonera C7, Gacheta and Ubaque. After tests and clean up of the wells has been completed, over the coming weeks, Arrow will provide production testing results."
https://t.co/pwdatYB5Ty
#AXL. Their drilling success is without doubt fantastic (well declined parked). With that in mind, all you need to know in that RNS is 'better than we anticipated'. Just that.
#AXL $AXL.V @corp_arrow
Oil over $100 per boe
Producing over 5000 bopd
Just made a new discovery, will be on production in a couple of weeks.
5 cellars on this pad so can develop it immediately
Grew cash $11m last month to $24m.
Happy days
#AXL $AXL.V @corp_arrow#OIL#CASHCOW Excellent update from Arrow.
Production circa 5000 bopd...
Cash balance has grown from $13m to $24m in one month! An $11m gain in one month, quite remarkable.
Latest well cleaning up. The horizontals tend to produce more after a few weeks as the clean up takes longer.
And they are three days into the Icaco drilling, the biggest prospect to date.
So far about 45 wells drilled with only one duster.
Wells pay out in 6 months or so from the first flush and the 'tail production' keeps getting longer and fatter. https://t.co/DvjCkKyumF
@albertrjf@corp_arrow#AXl cash balance growth was actually $11m in April, with oil price averaging $103. Oil is still trading above $100 . Once we got within striking distance of the elections, all ministry decisions get put on hold. Expect to see a result and extension in Q3
#oil The ‘war’ rumbles on. The lunatics are still running the asylum. #AXL $AXL.V In the meantime oilers like Arrow Exploration are benefitting. Already making sweet coin at $65. They have an $80m MC and added $11m cash to their bank balance in April alone. 💰💰💰💥💥💥