Arrow Exploration Share Discussion Threads

[molatovkid] 19/6/2024 08:07

Doubled holding

[here and there] 19/6/2024 08:07

:- This is roughly a $3m well cost net to @corp_arrow
1500 bopd on a $60 net back means the pay back on the well is 6 weeks...that is insane!
:- It is being choked right back and the pump is on the minimum setting, 1% water cut and they are still clearing drilling fluids.
:- Yes, it will decline fast but even if, by year end it has gone down to 750 bopd net, that produces fabulous free cash flow
:- There are several hundred bopd restricted behind pipe whilst the water injector wells are being completed/brought on stream.
:- Three more horizontals to be drilled over the next few months. We are looking at a Q4 production rate over 5000 bopd.
:- Management have talked about hitting 10000 bopd within a couple of years. This is now a very realistic target
:-This will coninue to add producing reserves. Producing reserves have the most value . It just adds so much more to the eventual sale price.
:- I am chuffed! In fact, I'm more than chuffed, I'm very chuffed.

[molatovkid] 19/6/2024 08:06

Doubled holding

[jungmana] 19/6/2024 08:06

Surprised to add at 22p after today's news.This should be testing the all time high of 28p

[tim000] 19/6/2024 07:57

MT had pointed out that other local companies had had very good results with their horizontal wells. So shouldn’t have been a great surprise.

[upwego] 19/6/2024 07:56

I was not expecting 3150 bopd wow!!!!

[upwego] 19/6/2024 07:54

I think this is seriously going to pop today like krakatoa to be honest!

This news window of 3 more hz wells to be drilled this year you might be wrong Steve!

this is the most important well in the companies history and it`s better than expected.

Im very happy with the news and the company is looking super solid :)

[mcleani] 19/6/2024 07:53

Also interesting to note that the subsequent 3 horizontals will have longer horizontal length leading to greater expected production

[78steve] 19/6/2024 07:49

At 20p now every opportunity to get back in not really missed opportunity lol. Market these days doesn't factor in any good news will only see rise on good news then drop back as news blacks out.

[jailbird] 19/6/2024 07:43

Wow...finally one of stocks releases a RNS which has made my month

[upwego] 19/6/2024 07:40

Feel sorry for those who sold - definitely a super long term play now..

Will wait for divi`s on this little beauty :)

[jungmana] 19/6/2024 07:40

Pasty, yes I understand. Just stating I will be happy even at 1000 bopd net. Fantastic results

[nicosevos] 19/6/2024 07:37

Woooooooow........well done guys.....Nice one!!!!!
gla

[pastybap] 19/6/2024 07:35

1500 bopd is the initial rate, but is also currently restricted. We may not see it drop back that much, if at all.

[mrscruff] 19/6/2024 07:34

Anyone new to AXL in the UK will need to fill out the NR 301 form on their platform before buying into this now de-risked campaign using more horizontals going forward and then a exploration well. A game changer RNS.

There is also work being done on other wells that could increase production like water disposal and optimisations.

[mrscruff] 19/6/2024 07:33

Duplicate.

[tim000] 19/6/2024 07:31

Boom boom boom in fact!

[king suarez] 19/6/2024 07:30

Boom! (hopefully)

[ashkv] 19/6/2024 07:28

And to omit that other than CN and RCN wells limited/offline while water disposal measures/new wells underway. The below 3600 boe/d production omits Canada Gas AND IS SOLELY CRUDE PRODUCTION!!!

"Canada Update

Due to exceptionally low natural gas prices in Canada, the East Pepper and West Pepper wells have been temporarily shut in. These wells will restart once favorable economic conditions return. Net gas shut in is approximately 250 BOE/d net."

AXL Share Price -> 20.10p
AXL Current Share Price vs 52 Week low of 17p on 15 Nov 23 -> 18.24%
AXL Current Share Price vs 52 Week High of 27.75p on 21 March 24 -> -27.57%
Brent -> $85.25
Market Cap (GBP) -> £57,458,734
GBPUSD -> 1.270
Market Cap (USD) -> $72,972,592
Production Average FY 2022 -> 1,345
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 Average Q1 2024 -> 2,730
Production Levels Mid-June 2024 -> 3,600
Net Cash (1 June 24) -> $12,100,000
Inventory (Q1 2024 Results) -> $492,240
Debt -> $0
Enterprise Value(EV) (Market Cap + Debt - Cash) -> $60,872,592
EV/Barrel Mid-June 2024 Production -> $16,909
EV/Barrel Q1 2024 Production Avg -> $22,298
EV/Barrel (Auctus 3900 Boe/d Expected By Q4 2024) -> $15,608
Decommissioning liability (Q1 2024 Results RNS) -> $4,282,861
2P Reserves (Year End 2023) -> 11,847,000 [Upward addition to CPR expected in 2024]
EV/2P -> $5.14
Shares Outstanding -> 285,864,348
Shares Outstanding (Diluted) -> 292,791,385
Net Cash Plus Inventory Component of AXL share price -> 3.47p

[jungmana] 19/6/2024 07:27

1,500 bopd net is initial flow rate and even allowing for any declines over the coming weeks or restrictions imo 1000 bopd net will be fantastic.

[jungmana] 19/6/2024 07:22

Excellent news and hopefully we should be producing 6,000bopd by year end.50p by end of year will do.

[pastybap] 19/6/2024 07:18

Not forgetting there should be another 700 or 800bopd once the water disposal wells are finished and verticals are turned back to normal levels.

[pastybap] 19/6/2024 07:16

Oh, and it has managed to complete all those work without seeing a drop in cash flow. I would expect to now see cash levels accelerate at the current oil price.

[78steve] 19/6/2024 07:15

So if other 3 come in at similar we maybe looking at 6k bopd all 4 in. Wonder what share price would be with that kind of production.