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AXL Arrow Exploration Corp.

21.75
-0.35 (-1.58%)
Last Updated: 10:29:56
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Arrow Exploration Corp. AXL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.35 -1.58% 21.75 10:29:56
Open Price Low Price High Price Close Price Previous Close
22.00 21.75 22.30 22.10
more quote information »
Industry Sector
AEROSPACE & DEFENCE

Arrow Exploration AXL Dividends History

No dividends issued between 22 Apr 2014 and 22 Apr 2024

Top Dividend Posts

Top Posts
Posted at 18/4/2024 21:20 by pldazzle
@EHL, in post #7535 you reported this from Joe:

"We met with the new ANH President when we were in Bogota last month. This is the 3rd ANH President in the last two years.

He is very supportive and said he would help us with the process. The ANH wants the process to move forward because the extension will create jobs for the community in the Oso Pardo area.

The hold up continues to be ConocoPhillips. So far they have been unable/unwilling to write a letter stating that our shallow oil project will not interfere with their deep La Luna rights. ConocoPhillips has told us that they are waiting for the anti fracking legislation to be passed by congress so they can best understand their options in regards to their La Luna mineral rights.

Our Director, who is a member of the Canacol executive team, seems to be making progress in his discussions with ConocoPhillips. Canacol is a partner with ConocoPhillips in the VMM2 block La Luna project.

We are still expecting a positive conclusion to the process but can not confidently put a time line on receiving the extension approval.

If news does come out of recent discussions we will let investors know.

Thanks
Joe"

How will the Oso Pardo application be affected if Canacol sell their stake (they will presumably no longer have a representative on the AXL board, but even if they do, they won't on the face of it have the same incentive to support AXL in its efforts to extend the OP licence)?
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 18/1/2024 07:34 by eaglehaslanded
At 10000 bod production and 302 million shares netback of $46 gives 56 cents possible for dividend. Now, if the company would pay out 45 cents that leaves 11 cents to drill some wells, around 18 million. One can argue that if the company gives out 10 cent dividends at start of a a dividend policy it would be a sound policy and enough to drill a lot, let us say they reach 15000 bod that gives 82 cents and 45 cents dividends is not unrealistic. Think about it, keep in mind the new acres nearby CN that is to be drilled too. If the company is true to its words and wish to reward shareholders, imo dividends are the way to go. We can wait for a bid. Also, Canacol is a large shareholder and all of us I recon have a major stake too. So we can block a low bid. Imo a bid below $1.43 is too low,
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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