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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Arrow Exploration Corp. | AXL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.55 | -2.71% | 19.75 | 09:00:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 20.50 | 19.75 | 20.50 | 20.30 |
| Industry Sector |
|---|
| AEROSPACE & DEFENCE |
| Top Posts |
|---|
Posted at 29/4/2024 13:34 by ashkv Share Price -AXL -> 20.50pAXL Current Share Price vs 52 Week low of 17p on 15 Nov 23 -> 20.59% AXL Current Share Price vs 52 Week High of 27.75p on 21 March 24 -> -26.13% Brent -> $89.00 Market Cap (GBP) -> £58,602,191 GBPUSD -> 1.25 Market Cap (USD) -> $73,252,739 Production Average Q1 2023 -> 1,635 Production Average Q2 2023 -> 2,169 Production Average Q3 2023 -> 2,518 Production Average Q4 2023 -> 2,335 Production Average FY 2023 -> 2,167 Production Levels End March 2024 -> 2,900 Production Average FY 2022 -> 1,345 Cash (28 Mar 24 RNS) -> $12,000,000 Inventory (Q3 2023 Results) -> $885,517 Debt -> $0 Enterprise Value (Market Cap + Debt - Cash) -> $61,252,739 EV/Barrel Q4 2023 Production Avg -> $26,232 EV/Barrel Average FY 2023 Production Avg -> $28,266 EV/Barrel Production Levels -> End March 2024 -> $21,122 EV/Barrel (5000 Boe/d Expected By H2 2024) -> $12,251 Decommissioning liability (FY 2023 RNS) -> $3,973,075 2P Reserves (Year End 2023) -> 11,847,000 EV/2P -> $5.17 Shares Outstanding -> 285,864,348 Shares Outstanding (Diluted) -> 288,639,348 |
Posted at 29/4/2024 11:41 by mount teide Henley2 - 'expectations management' - Thanks for your thoughts.However, if I had invested in AXL on the basis of expectation management I would have sold out long ago. With respect to small cap O&G investments - I consider the margin of investment safety to be far more important than expectation management. Its why I overwhelmingly invest in second phase specialists, who buy mature, high quality, strong cash flow generating producing assets with excellent reinvestment potential. The margin of investment safety at Arrow from its low risk, multi reservoir target infill well drilling program kept me invested here on two occasions when expectation management was strongly signalling otherwise .... and has gone on to deliver a capital gain of over 230% on an initial seven figure investment in AXL. Arrow's modelled 1,000 bopd net expected initial production rate for a Ubaque HZ well is consistent with the experience/results of ALL the O&G field operators across the Llanos Basin that I have researched to date, with respect to the HZ wells they drilled into either heavy or light oil reservoirs......and, in terms of the initial production rate differential between vertical and horizontal wells drilled into the same reservoir. Consequently, as an investor rather than a trader, I'm more interested in the margin of investment safety/downside protection of drilling HZ wells - in this respect the data in the public domain for the Llanos Basin strongly suggests that its excellent. From an investors perspective(someone with the an investment holding period of 2-3 years, rather than that of a short term momentum trader), Arrow's planned 6-8 Ubaque HZ wells each has the potential to generate an outstanding return on capital employed, even in the unlikely event, were they to perform at only 50% of the modelled rate/experience of other operators. That's what I call low risk, long term investing! Particularly when considering the excellent progress the management has made to date with the business from drilling much lower performing vertical wells. AIMHO/DYOR |
Posted at 13/4/2024 10:50 by eaglehaslanded Now I get it. As far as I understand the difference between Axl and hemispheres wells are this: hemispheres wells are very heavy oil, heavier than ubaque. The don't have aquifers. Good permeability as Axl also have. Free flowing like Axl. But they drill a well between 2 producing wells or use a well that's between 2 producing wells to pump in water and the mix in polymer powder. This results in almost no decline and higher production. It is almost like a wonder. They have said it is not poisonous but maybe not safe to drink? I don't know. But I think Axl should consider it, unless since they have already water in aquifer it is not a good idea. |
Posted at 28/3/2024 08:03 by ashkv Superb increase in 1p/2p/3p levels - it is only going higher :)Would have appreciated YTD production, Q4 2023 production and guidance for 2024!!! In 2023 Q4 2022 Update was combined with FY 2022 Results in First Week May 23 (Please correct if I am not accurate). Production is lower than I expected - but AXL has updated that there are issues with use of CN Pad impacting production and water disposal. Horizontal wells could be a game changer. AXL had recently guided that hopes to attain 5,000 boe/d by mid-year 2024. Capella restarting in Q3 should help with the same. Even at 24-25p AXL remains waay too cheap given what is ahead!!! Share Price - AXL: 24.50p AXL Current Share Price vs 52 Week low of 16.3p on 31 March 23: 63.33% AXL Current Share Price vs 52 Week High of 27.75p on 21 March 24: -11.71% Brent: $85.50 Market Cap (GBP): £70,036,765 GBPUSD: 1.26 Market Cap (USD): $88,246,324 Production Average Q1 2023: 1,635 Production Average Q2 2023: 2,169 Production Average Q3 2023: 2,518 Production Average Q1-Q3 2023: 2,110 Production Levels -> End March 2024 2,900 Production Average FY 2022: 1,345 Cash (28 Mar 24 RNS): $12,000,000 Inventory (Q3 2023 Results): $885,517 Debt: $0 Enterprise Value (Market Cap + Debt - Cash): $76,246,324 EV/Barrel Q2 2023 Production Average: $35,153 EV/Barrel Q3 2023 Production Average: $30,281 EV/Barrel Average Q1-Q3 Production: $36,136 EV/Barrel Production Levels -> End March 2024: $26,292 EV/Barrel (5000 Boe/d Expected By H1 2024): $15,249 Decommissioning liability (Q3 2023 Results): $3,759,347 2P Reserves (Year End 2023): 11,800,000 EV/2P: $6.46 Shares Outstanding: 285,864,348 Shares Outstanding (Diluted): 288,639,348 |
Posted at 23/3/2024 11:05 by mount teide BTB - 'Those shareholders who are here for Marshall to repeat what he has done 7 or is it 8 times before, will not be concerned. What hazard can there be if nobody can form a concert party and steal the company on the cheap. Besides which, having MA and his team as friendly advisors post sale must be of value.'Exactly Buffy.......the AXL comments by the Canacol CEO like: "Arrow has a very aggressive development plan scheduled for this year. We expect to see very good growth in their share price." and "They've done a great job. Their share price has increased significantly recently and about 350%, I believe since they listed on the AM Exchange a couple of years ago." are excellent PR for AXL, and are likely to have Canacol's more inquisitive shareholders and some of the wider small/mid cap energy investment sector take a look at the company. Arrow's current modest valuation, aggressive low cost, low risk production development plan to double production again in 2024 should make interesting reading, particularly when considering the production and capital growth delivered since AXL's Q4/2021 London IPO relative to their peers: Capital Growth: +327% - Arrow Exp +38% - S&P 500 Energy Index -56% - AIM Energy Index |
Posted at 11/3/2024 11:55 by mount teide Since AXL started going sideways at circa 17p some 18 months ago, VLE(+147%), AET(+54%) and AXL(+47%) have been my best performing O&G investments.......in a sector, that despite very strong cash flow generation has been surprisingly challenging for investors.Since AXL's London Oct 2021 IPO (2.5 years ago)the comparative performances of the three companies has been: +671% VLE +292% AXL +175% AET My average investment holding period for these three investments is 1.73 years with an average return of +108% (AXL holding has generated the most £capital gain) The other O&G investments have largely gone sideways with the exception of JSE which is -62%, down to 34% below the average buy price, ADV a circa 70% crystallised loss, and SAVE which is +227% but currently suspended pending Government approval for a reverse takeover. AIMHO/DYOR |
Posted at 28/2/2024 23:11 by king suarez Yes, so the AXL netback of $60.62 @ $92.59 Brent compares to $48.97 for PAREX at $85.92 Brent.If you compare at the same Brent price of $92.59 it would be $60.62 for AXL and $55.64 for PAREX - not too dissimilar really - and PAREX is part gas, whereas the AXL figure quotes only the oil - the netbacks on AXL gas are poor at current gas price. They look to be operationally v similar metrics, as we might expect operating in the same area?! However, AXL currently have much cheap value add production growth as MT's posts have highlighted. |
Posted at 04/1/2024 08:37 by ashkv AXL remains incredibly cheap with USD 45 million growth Capex for 2024 at 17.5p equal to Enterprise Value (Market Cap + Debt - Cash)I have been a patient holder and averaged down my holding. My requests / wish for AXL management -> Clear Drilling Timelines - with timely updates as to any delays, issues etc - straightforward communication is the way to go and it is alarming as to how few AIM firms manage to undertake the same. Given where the AXL EV is a small amount of Buybacks to support the illiquid AXL shares would be welcome. Updates on cash, tables for current production, ytd production etc [Petrotal [PTAL] has had some bumps along the way but I appreciate their clear communication on this front.] Financial Calendar as to Quarterly Reports Updates as to crude discounts, transport costs etc License Renewal - keep investors posted/share outlook and progress. Regular webinars. For example why hasn't AXL and its partners been able to sort out certain community issues that is holding back production? Hopefully a better 2024 for the share price as compared to 2023 |
Posted at 29/11/2023 07:53 by ashkv Solid set of Q3 2023 results - YE 5k boe/d production pushed into Q1-Q2 2024... but production slope is up and up - hopefully the angle transforms to 90 degrees :)2P figures below are outdated as don't include recent CPR. AXL has no debt with 5.34p of 18.25p share price comprising net cash and inventory :) Time to add more - what a bargain :) AXL should list in the USA... UK markets are broken. And outlook for the UK is not rosy given the UK is soon going to be run by Jihadi importing Green Communists!!! Share Price - AXL: 18.25p AXL Current Share Price vs 52 Week low of 15p on 20 Mar 23: 21.67% AXL Current Share Price vs 52 Week High of 26.1p on 22 May 23: -30.08% Brent: $82.00 Market Cap (GBP): £52,170,244 GBPUSD: 1.27 Market Cap (USD): $66,256,209 Production Average Q1 2023: 1,635 Production Average Q2 2023: 2,169 Production Average Q3 2023: 2,518 Production Average Q1-Q3 2023: 2,110 Production Average FY 2022: 1,345 Cash (1 Nov 23 - Per Q3 2023 Results): $18,500,000 Inventory (Q3 2023 Results): $885,517 Debt: $0 Enterprise Value (Market Cap + Debt - Cash): $47,756,209 EV/Barrel Q2 2023 Production Average: $22,018 EV/Barrel Q3 2023 Production Average: $18,966 EV/Barrel Average Q1-Q3 Production: $22,633 EV/Barrel (5000 Boe/d Expected By H1 2024): $9,551 Decommissioning liability (Q3 2023 Results): $3,759,347 2P Reserves (FY 2022 Results): 7,691,000 EV/2P: $6.21 Shares Outstanding: 285,864,348 Shares Outstanding (Diluted): 288,639,348 25 Oct 23 Update Warrants Outstanding with Nov 2023 Expiry: 375,000 25 Oct Total Warrants Remaining Including Nov 23 Expiry: 2,775,000 Net Cash Plus Inventory Component of AXL SP: 5.34p |
Posted at 29/11/2023 07:49 by ashkv Solid set of results - YE 5k boe/d production pushed into Q1-Q2 2024... but production slope is up and up - hopefully the angle transforms to 90 degrees :)2P figures below are outdated as don't include recent CPR. AXL has no debt with 5.34p of 18.25p share price comprising net cash and inventory :) Time to add more - what a bargain :) AXL should list in the USA... UK markets are broken. Share Price - AXL: 18.25p AXL Current Share Price vs 52 Week low of 15p on 20 Mar 23: 21.67% AXL Current Share Price vs 52 Week High of 26.1p on 22 May 23: -30.08% Brent: $82.00 Market Cap (GBP): £52,170,244 GBPUSD: 1.27 Market Cap (USD): $66,256,209 Production Average Q1 2023: 1,635 Production Average Q2 2023: 2,169 Production Average Q3 2023: 2,518 Production Average Q1-Q3 2023: 2,110 Production Average FY 2022: 1,345 Cash (1 Nov 23 - Per Q3 2023 Results): $18,500,000 Inventory (Q3 2023 Results): $885,517 Debt: $0 Enterprise Value (Market Cap + Debt - Cash): $47,756,209 EV/Barrel Q2 2023 Production Average: $22,018 EV/Barrel Q3 2023 Production Average: $18,966 EV/Barrel Average Q1-Q3 Production: $22,633 EV/Barrel (5000 Boe/d Expected By H1 2024): $9,551 Decommissioning liability (Q3 2023 Results): $3,759,347 2P Reserves (FY 2022 Results): 7,691,000 EV/2P: $6.21 Shares Outstanding: 285,864,348 Shares Outstanding (Diluted): 288,639,348 25 Oct 23 Update Warrants Outstanding with Nov 2023 Expiry: 375,000 25 Oct Total Warrants Remaining Including Nov 23 Expiry: 2,775,000 Net Cash Plus Inventory Component of AXL SP: 5.34p |
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