Arrow Exploration Share Discussion Threads

[lexion] 30/5/2024 08:58

That's the starter nicely out of the way - tasty but what we expected - now bring on the main course - I'm starving hungry !!! Could be TD about now - news next week?? GLA

[11_percent] 30/5/2024 08:31

My post 8138,

It was more about the trading pattern after RNSs as opposed to risk management around the CNB-HZ-1.

In the past.....and its years.....any good news has been sold into......and this pattern continues....capping the share price

In the past we have talked about the warrants, etc.....but dont know the excuse could be now.

[rockyride] 30/5/2024 08:30

Fonzie - like I say, I still retain a large holding which will make me good money if be shoot up on the HZ1 result and conversely if we go down on failure I have reduced exposure to the downside. Should HZ1 be a strong success and we rise to mid / high 20's I don't mind buying back the shares I reduced by. Overall taking less profit but also taking less risk too. I know people on here will not agree with this strategy but each to their own.

[fozzie] 30/5/2024 08:24

I think you are over thinking it Rocky but of course you are free to do so. This wait has seemed to go on forever and I will be much happier when we have the horizontals proved up. We have all had plenty of time to take our positions but the party needs to start soon.

[dunns_river_falls] 30/5/2024 08:19

The Company expects to be able to provide an update on the production figures for CNB HZ-1 in the coming weeks

[rockyride] 30/5/2024 08:18

11 - I guess people are reducing their holdings, similar to myself as although HZ drilling is proven in the basin, this is our first. Should HZ not go on production for any reason, we are in for a big fall. And before anybody comments, NO I am not being negative to get a better buy in price, I'm just talking it as I see it. I'm not interested in buying and never selling any until I get a x bagger. I adjust my positions as I see fit, taking smaller profits whilst also mitigating risk on large holdings when aa significant crossroads is approaching.

[royalalbert] 30/5/2024 08:14

11p everyone waiting on the HZs.

[rockyride] 30/5/2024 08:14

You all know I have a bee in my bonnet about MA showboating and flip flopping on comms. Now this may be a small point and it may mean nothing at all. Conversely CNB HZ1 may not be going as well as expected. On 16th May RNS we were told:-Once CNB HZ-1 is on production in JuneAnd today we are told:-Subject to successful completionIMVHO the 16th RNS should have said 'subject to' and not written as a done deal that it was certain to be put on to production.The comms from this company are nothing less than amateurish!But as I also note, why have they backtracked on the tone?

[11_percent] 30/5/2024 08:11

Some one (or more than 1) selling on the bell......keeping the price down.

Having said that.....no one buying this news.....2 small buy trades.

Disappointing.

[buffythebuffoon] 30/5/2024 08:04

11_percent.

Outlook…

Buffy

[11_percent] 30/5/2024 08:01

RNS says:

· Completing stimulation efforts at the Oso Pardo-3 and 4 wells in the Middle Magdalena Basin.


Does not say if this stimulation was successful....or what....or did I miss it.

[upwego] 30/5/2024 07:42

Great set of results,just need a good HZ well to produce some good numbers and it`s huge profits coming our way, and to think this will be straight on production with a view for more production in the second Hz well and so on..

Doubling production would be massive for this little outfit with no debt and a drillign campaign funded through internal cashflow from revenues and profit already generated.. going to be very interesting indeed.

[swanvesta] 30/5/2024 07:39

(I presume it's an error, originally in the 2023 FY results and propagated to Q1. Ought to be corrected though or it'll continue to the next Q!)

[swanvesta] 30/5/2024 07:36

Can someone explain how they have Q3 2023 production at 2335 boe/d, yet in the table at the bottom of the MD&A "SUMMARY OF THREE MONTH RESULTS" they have 2666 boe/d? The figures for all the other Qs match up, just this one doesn't.

[eaglehaslanded] 30/5/2024 07:32

Yes I am happy about the results and the accelerated pace mentioned

[royalalbert] 30/5/2024 07:26

AP up from Q4 2023 so not bad at all.

[molatovkid] 30/5/2024 07:24

Looks good to me! Very good in fact.

[eaglehaslanded] 30/5/2024 07:02

Q1 2024 Highlights:Recorded $14.4 million of total oil and natural gas revenue, net of royalties, more than double compared to the same period in 2023 (Q1 2023: $6.9 million).Net income of $3.2 million (Q1 2023: $3.0 million).Adjusted EBITDA(1) of $10 million more than double compared to 2023 (Q1 2023: $4.4 million).Average corporate production up 139% to 2,730 boe/d (Q1 2023: 1,144 boe/d).Realized corporate oil operating netbacks(1) of $56.27/bbl.Cash position of $11.6 million at the end of Q1 2024.Generated operating cashflows of $8.6 million (Q1 2023: $2.4 million).Successfully drilled four development Carrizales Norte (CN) wells, resulting in additional production and reserves additions

[the_gold_mine] 29/5/2024 21:09

Q4 2023 average production was 2,335boe/d.
2023 exit production was above 3,200boe/d.
The Company's production at end of Q1 2024 was approximately 2,900 boe/d.

I expect Q1 2024 to be the best yet in terms of production volumes on the above basis.

The justification for the slight dip in production from end Q4 to end Q1 was stated as per the below:-
-----
The company has experienced some minor production disruptions caused by drilling operations at the CN field development and water disposal requirements at the RCE field. These minor disruptions are expected to be resolved quickly.
-----
We were informed in the CNB HZ-1 spud RNS that RCE-1 has been converted into a disposal well.

I don't expect any surprises tomorrow (but lets see, this is the AIM after all).

---- Edited to remove some mistakes

[rckillco1] 29/5/2024 19:56

Are we expecting anything special with Q1, i suspect revenue will be down with the injector wells and lower production...thoughts?

[mount teide] 29/5/2024 14:37

HZ-1 - with respect to the risk/reward, even with Arrow's 100% Tapir Block drilling success rate in the Llanos Basin to date, on the balance of probabilities, it's far better for shareholders that Arrow is drilling a horizontal well into the CN-Ubaque, AFTER Colombia's two largest independent O&G companies have carried out highly successful horizontal well 'proof of concept' drilling programmes in the Llanos basin over the last two years - particularly when both achieved mean production results 3-4 times that(and with materially slower decline rates) of vertical wells previously drilled on the same fields.

AIMHO/DYOR

[rockyride] 29/5/2024 13:50

Change of tack. Taken 25% out as I have too much exposure based on the result of HZ1. Don't mind buying back higher if results good and push share price up. Still sold at double digit profit though.

[mrscruff] 29/5/2024 13:28

More than one horizontal is planned obviously. Bit of a fall today ahead of results as day traders position themselves to pounce on any negative news. The ideal time to trade is between results and the well results. I also hope the new buyer has been spreading our narrative to other well connected and rich individuals.

[upwego] 29/5/2024 07:20

RR - Agreed super important well!