Equity Capital Markets and Advisory Business, Auctus Advisors

Auctus Advisors

Equity Capital Markets and Advisory Business

Auctus Advisors is a specialist Equity Capital Markets and Advisory business with a focus in the Energy Sector. The partners have complementary skill sets, with decades of experience across Equity Capital Markets, Investment Banking and the Energy industry. We have worked at Société Générale, Canaccord Capital, BMO Capital Markets and Schlumberger. Most recently we have worked together for many years at GMP FirstEnergy. Auctus has been set up at the beginning of a new decade in which we see significant opportunities in the Energy space. Globally, demand for energy is at record levels and continues to grow. Conversely, investment in traditional energy sources has been severely constrained. We believe this imbalance creates opportunities for both companies and investors. Auctus provides Corporate Broking, Equity Research and Investment Banking services.

Equity Bottom-Up

<ul>
<li>Arrow has now drilled 3 horizontal wells in Carrizales Norte.</li>
<li>The flow rates of the wells are exceeding our expectations.</li>
<li>The first CN horizontal well (CNB HZ-1) is being restricted to a current oil flow rate of 2,090 bbl/d with approximately 41% water cut.</li>
</ul>


Arrow has now drilled 3 horizontal wells in Carrizales Norte.
The flow rates of the wells are exceeding our expectations.
The first CN horizontal well (CNB HZ-1) is being restricted to a current oil flow rate of 2,090 bbl/d with approximately 41% water cut.


Arrow Exploration Corp. (AIM: AXL): Key horizontal wells outperforms expectations

<ul>
<li>The first CN Horizontal well (CNB HZ-1) is currently flowing at a rate of 2.22 mbbl/d (oil) with an IP30 rate of 2.65 mbbl/d (1.32 mbbl/d net).</li>
<li>The well is performing better than expected.</li>
<li>We forecast IP90 rate of only 1.5 mbbl/d.</li>
</ul>


The first CN Horizontal well (CNB HZ-1) is currently flowing at a rate of 2.22 mbbl/d (oil) with an IP30 rate of 2.65 mbbl/d (1.32 mbbl/d net).
The well is performing better than expected.
We forecast IP90 rate of only 1.5 mbbl/d.


Arrow Exploration Corp. (AIM: AXL): Continued high flow rate at 1st Hz well. Very good result at 2nd well. High overall production

<ul>
<li>The 1Q24 production of 2,730 boe/d was close to our expectations.</li>
<li>Arrow’s cash position of US$11.6 mm was also in line.</li>
<li>The first water disposal well at RCE is being brought into production and the conversion of the CN-4 well is currently waiting regulatory approval.</li>
</ul>


The 1Q24 production of 2,730 boe/d was close to our expectations.
Arrow’s cash position of US$11.6 mm was also in line.
The first water disposal well at RCE is being brought into production and the conversion of the CN-4 well is currently waiting regulatory approval.


Arrow Exploration Corp. (AIM: AXL): All eyes on the first horizontal well at Carrizales Norte

<ul>
<li>FY23 production was in line with our expectations and the YE23 cash balance of US$12 mm had been reported previously.</li>
<li>The highlight of the announcement is the discovery by the CN-8 well of multiple hydrocarbon-bearing intervals.</li>
<li>14 feet of net oil pay were encountered in the Carbonera in an area that was not considered prospective.</li>
</ul>


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.


Arrow Exploration Corp. (AIM: AXL): Further Reserves Addition at Carrizales Norte

Canada

Arrow Exploration Corp. is a public junior oil and gas company. The Company focuses in the acquisition, exploration, and development of oil and gas properties in Colombia and in Western Canada.

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Arrow Exploration (AXL CN)

Arrow Exploration Corp. (AIM: AXL): Key horizontal wells outperforms expectations

The first CN horizontal well (CNB HZ-1) is being restricted to a current oil flow rate of 2,090 bbl/d with approximately 41% water cut.

Auctus Advisors

Arrow Exploration Corp. (AIM: AXL): Continued high flow rate at 1st Hz well. Very good result at 2nd well. High overall production

The first CN Horizontal well (CNB HZ-1) is currently flowing at a rate of 2.22 mbbl/d (oil) with an IP30 rate of 2.65 mbbl/d (1.32 mbbl/d net).

Auctus Advisors

Arrow Exploration Corp. (AIM: AXL): All eyes on the first horizontal well at Carrizales Norte

The first water disposal well at RCE is being brought into production and the conversion of the CN-4 well is currently waiting regulatory approval.

Auctus Advisors

Arrow Exploration Corp. (AIM: AXL): Further Reserves Addition at Carrizales Norte

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...

Auctus Advisors

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