• FY23 production was in line with our expectations and the YE23 cash balance of US$12 mm had been reported previously.
• The highlight of the announcement is the discovery by the CN-8 well of multiple hydrocarbon-bearing intervals. 14 feet of net oil pay were encountered in the Carbonera in an area that was not considered prospective. The pay zone is a clean sandstone exhibiting consistent 25% porosity and high resistivities. The well has been put in production at a gross rate of 330 bbl/d (165 ....
29 Apr 2024
Arrow Exploration Corp. (AIM: AXL): Further reserves addition at Carrizales Norte
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Arrow Exploration Corp. (AIM: AXL): Further reserves addition at Carrizales Norte
Arrow Exploration Corp. (AXL:TSX) | 0 0 0.0%
- Published:
29 Apr 2024 -
Author:
Stephane Foucaud -
Pages:
5
• FY23 production was in line with our expectations and the YE23 cash balance of US$12 mm had been reported previously.
• The highlight of the announcement is the discovery by the CN-8 well of multiple hydrocarbon-bearing intervals. 14 feet of net oil pay were encountered in the Carbonera in an area that was not considered prospective. The pay zone is a clean sandstone exhibiting consistent 25% porosity and high resistivities. The well has been put in production at a gross rate of 330 bbl/d (165 ....