Arrow Exploration Corp. - ALV-V

Company Website 

Company Highlights: 

  • Arrow’s headquarters are in Calgary and have two areas of operations. They have production in the Canadian Montney and are involved in two oil basins in Colombia.
  • Production in August was 1,500 boe/d. They see upside over the next 18 months to 3,000 boe/d.
  • Their near term growth is focused on their Tapir block in Colombia (50% interest). They are adding 3D to help focus their drilling and see a potential of 4-5 wells on this property.
  • AXL could in the future monetize their growing Montney asset as consolidation occurs in the play and move the funds down to grow Colombia even faster.
  • AXL has 216M shares outstanding and a market capitalization of $48M. Insiders are material shareholders. They have no net debt and cash on the balance sheet of US$10.7M.
Marshall Abbott
Marshall Abbott
Mr. Abbott is a highly accomplished oil & gas executive, having successfully built and sold several companies throughout his 37-year career in the industry. Most recently, Mr. Abbott was the CEO & Chairman of Rampart Oil Inc., a company he co-founded and built to 3,500 bbls/d of production.

Previously, Mr. Abbott was the CEO & Chairman of Bernum Petroleum Inc., a company he co-founded and built to 3,000 bbls/d of production until its sale to Caltex Resources Ltd. Mr. Abbott has also been the Co-Founder, CEO & Chairman of numerous other oil & gas companies in Canada and internationally, including Sabretooth Energy Inc. (sold to Cequence Energy Ltd.), Cougar Hydrocarbons Ltd. (sold to Starpoint Energy), and Equatorial Energy Ltd. (sold to Resolute Energy Corp.).

Mr. Abbott has also held senior management roles with Stampeder Exploration Ltd., Morrison Petroleums Ltd., and Texaco Canada Resources Ltd. He is a past director of Voyager Energy Inc. and Iron Bridge Resources Inc, both of which were sold following significant growth through successful exploration. Mr. Abbott holds a B.Sc. degree (Honours Geology) from the University of Alberta.