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Arrow Exploration Corp. (V:AXL)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: The Edison Building
150 9 Ave SW Suite 920
Tel: N/A
IR: See website
Key People
Gage Jull
Chairman of the Board
Felix Betancourt
Interim Chief Executive Officer
Sarah Daisy Hundal
Chief Financial Officer
Jack Scott
Chief Operating Officer
Robert H. O. Todd
Senior Vice President
Mauricio Nunez Restrepo
Corporate Secretary
Business Overview
Arrow Exploration Corp, formerly known as Front Range Resources Ltd, is a Canada-based Oil and Gas exploration and production company. The Company has petroleum and natural gas (P&NG) interests in Alberta, Canada. The Company holds approximately 20 gross sections (9.1 net sections) of P&NG rights at Bigstone, Fir and Wilson Creek, located in Alberta. The Company has approximately three gross (net 1.25) operated horizontal Montney natural gas wells at Bigstone. The Company has an average non-operated over 30% working interest in approximately 10 gross (net 4.24) natural gas wells at Fir. Stonehaven has over 10 gross (4.1 net) sections of P&NG rights at Fir. The Company has approximately three gross (1.5 net) sections of P&NG rights at Wilson Creek. It has approximately eight gross (net 3.5) sections of P&NG rights in the Montney formation. Its horizontal Belly River oil well prospects include 100/11-32-042-04W5, 102/1-04-043-04W5, 02/13-17-42-3 W5M and 02/01-17-42-3 W5M.
Financial Overview
For the nine months ended 30 September 2019, Arrow Exploration Corp revenues increased from $166K to $19.9M. Net loss increased from $1.8M to $4.8M. Revenues reflect Oil and natural gas increase from $175K to $22.1M, Other increase from $8K to $33K. Higher net loss reflects Operating increase from $70K to $9.4M (expense), Administrative increase from $836K to $4.8M (expense), Interest increase from $4K to $670K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $6.29M as of Sep 30, 2019
Annual revenue (TTM): $36.40M as of Sep 30, 2019
EBITDA (TTM): $3.75M as of Sep 30, 2019
Net annual income (TTM): -$5.13M as of Sep 30, 2019
Free cash flow (TTM): -$12.43M as of Sep 30, 2019
Net Debt Last Fiscal Year: $0.15M as of Sep 30, 2019
Shares outstanding: 68,674,602 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization