Arrow Exploration Share Discussion Threads

[jailbird] 27/9/2024 07:17

Yes noticed that too, no ideaSo judging by the price , did the presentation not go down well ?Looked good to me

[che7win] 27/9/2024 07:02

Gage got a lot of votes against / withheld, why?

[joey52] 27/9/2024 06:13

MT
As an investor of 30 years and now investing mainly for income. I am still learning, thanks to these boards. I continue to be impressed with your knowledge and conviction to early start investments.

[mount teide] 27/9/2024 00:52

'Well if you had bought and held JSE OR TXP I don't think that would have been a good idea'

Depends when you bought and at what price.

I first bought both over six years ago - 7 figure positions in both TXP and JSE and continue to hold

TXP - they were so unloved immediately following the 2017 London AIM IPO, poster Zengas and myself were able to build 7 figure positions at an average around 8.5p without moving the share-price. At that time there were only three posts on the TXP thread in a month and half and two were mine. Much of the share-price fall over the last three years after the stock had more than 20 bagged, has been the result of a poorly managed execution of monetising the discoveries.

Sold half of the 2.4 million TXP holding at an average of circa 80p on the way down, for a circa £870k capital gain. The other 1.2m remains in profit.

JSE - built a near 7 figure position immediately following the Sept 2018 London AIM IPO and at one point was over 300% up. The well documented 2 year issue with the Montara FPSO has since seen the holding fall to 30% underwater. Like most of the II's I continue to hold but will be reviewing the situation at the end of the year - if the FPSO issues have proved by then to be in the rear view mirror and the 2025 guidance looks decent, then at the current valuation the stock has the potential to be a good value/growth recovery play.

After 6+ years of being invested in these two companies the combined capital gain (crystallised + paper profit and loss) is circa £1.02m.

AIMHO/DYOR

Unlike JSE and TXP, since coming to AIM in late 2021, AXL has delivered a perfect track record of success in monetising the discoveries made on the Colombian assets - a record which is very likely to continue when considering that the low risk, low cost, production development and exploration drilling inventory currently stretches out to 2027/8.

[tom111] 26/9/2024 20:26

Well if you had bought and held JSE OR TXP I dont think that would have been a good idea as well as other AIM oilies stocks ,WOULD IT?

[joey52] 26/9/2024 16:36

and presentation

hxxps://x.com/corp_arrow/status/1839341700839301416

[joey52] 26/9/2024 16:33

Posted on Twitter 57 minutes ago

Arrow Exploration Corp.
@corp_arrow
·
AXL's CNB HZ-5 is now on production. This is our 4th horizontal well on the Carrizales Norte "B" pad with the team focused on completing the six-well program and driving further growth.

[tom111] 26/9/2024 15:46

In the meantime keep your powder dry because it looks like oil could be in for a rough period with SA producing more oil from DEC and could effect the price significantly imho

[che7win] 26/9/2024 15:35

and oil price no lower than a week ago, so the AXL fall doesn't make sense.

[mount teide] 26/9/2024 14:54

'Just wont make any difference if oil keeps going down upwego - sentiment is all'

It may well not with the short term traders - but, i suspect well researched Buy & Hold' investors with an investment timeframe longer than the life cycle of a mayfly, would know that at $75 Brent earlier this decade the global O&G industry annihilated its all time free cash flow record set in 2013, when Brent averaged nearly $150/bbl after adjustment for inflation.

Brent at even $65-$70 today would still see the industry generate free cash flow that would easily beat the 2013 former record......it would also IMO generate an excellent entry or average up opportunity for a very high growth company like AXL, that continues to throw off more cash than a CAPEX budget set each year to continue delivering a doubling of annual production.

AIMHO/DYOR

[here and there] 26/9/2024 14:14

Here is the proactive presentation, a good listen

[tom111] 26/9/2024 13:55

Just wont make any difference if oil keeps going down upwego -sentiment is all

[upwego] 26/9/2024 13:17

Just not on many radars, should be spudding the next well any day now.

[dunns_river_falls] 26/9/2024 11:26

Stocko are showing upgraded broker forecasts today.
2024 eps 0.071c has risen to 0.081c. With $25.3m net profit. P/E 4.8
2025 eps 0.092c has risen to 0.108c. With $33.8m net profit. P/E 3.6

The stockrank has risen from 30 to 80 so far this year. 100 being best.

[oakville] 26/9/2024 11:11

We really are unloved.

[pogue] 26/9/2024 10:45

Rocky
Dont think so. He is going to bring in tarrifs on anyone not using the $ for trade and Saudi have joined BRICS and are accepting other currencies already I believe. Kamila works better for BRICS

[rockyride] 26/9/2024 09:30

Do the Saudis want Trump to win?

[78steve] 26/9/2024 09:14

So news on one more well might take us back up to 30p if we're lucky. After that depending on frequency and type of news price will fall back or go up.

[lexion] 26/9/2024 08:52

Is it only us hard n fast holders here that realise even with Brent at $70 we should have a $40 netback That's enough each and every month on 6000bopd (soon ) to return enough to do one drill and add $3m back to the bank balance

[ashkv] 26/9/2024 07:59

Ridiculous share price for AXL - I added more :)

A gift as long as Brent doesn't collapse and no Governmental Black Swans in Colombia!!!

[royalalbert] 26/9/2024 07:17

Oil price down even though a draw in the US of 4.5m barrels. Remember that's a newspaper headline wait for SA to make an official statement. Paper market having a field day as ever.

[che7win] 26/9/2024 07:15

US shale has already passed peak production though.

[upwego] 26/9/2024 07:14

shake a few out and then it will be up again.

[tom111] 26/9/2024 07:01

Looks like Saudis will try and squeeze USA again like a few years ago but it didnt end well for them in the end if i remember

[nicosevos] 26/9/2024 06:49

And Libya is back on stream, so they say.
gla