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Arrow Exploration Corp. (V:AXL)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: 550, 333 - 11th Ave SW
CALGARY AB T2R 1L9
Tel: N/A
Website: https://arrowexploration.ca
IR: See website
Key People
P. Gage Jull
Executive Chairman of the Board
G. Marshall Abbott
Chief Executive Officer, Director
Joe Mcfarlane
Chief Financial Officer
Phil Miller
Senior Vice President-Exploration
   
Business Overview
Arrow Exploration Corp. is a Canada-based junior oil and gas company. The Company is engaged in the acquisition, exploration and development of oil and gas properties in Colombia and in Western Canada. The Company operates through two segments: Colombia and Canada. In the Llanos Basin, the Company is engaged in the exploration, development, and production of oil within the Tapir block. Its assets include Tapir Block, Santa Isabel (Oso Pardo), and Capella Field. The Company owns a 50% interest in Tapir Block with approximately 65,154 gross acres (32,577 acres net). Its Oso Pardo Field is located in the Santa Isabel Block in the Middle Magdalena Valley (MMV) Basin. The Company also owns approximately 10% interest in the Ombu Block, which contains the Capella discovery. The Capella Field produces approximately 2,250 billion barrels per day (bbl)/d (225 bbl/d net).
Financial Overview
For the nine months ended 30 September 2023, Arrow Exploration Corp revenues increased 95% to $31.3M. Net income totaled $9.4M vs. loss of $2.6M. Revenues reflect Colombia segment increase from $13.3M to $30M, Colombia segment increase from $13.3M to $30M. Net Income reflects Other expense (income) increase from $53K to $318K (income), Interest - Balancing value decrease of 67% to $119K (expense).
Employees: 27 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $99.08M as of Sep 30, 2023
Annual revenue (TTM): $54.42M as of Sep 30, 2023
EBITDA (TTM): $37.55M as of Sep 30, 2023
Net annual income (TTM): $16.72M as of Sep 30, 2023
Free cash flow (TTM): $2.96M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 285,864,348 as of Nov 2, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization