Business
Arrow Exploration Corp. Announces Hedging Program and Updated Corporate Presentation Available on its Website
Arrow Exploration Corp. Announces Hedging Program and Updated Corporate Presentation Avail...
About this update from Arrow Exploration Corp.
[{"type":"text","content":"\n\n\n\nArrow Exploration Corp. Announces Hedging Program and Updated Corporate Presentation Available on its Website\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, May 10, 2019\n\n\n\nCALGARY, May 10, 2019 /CNW/ - ARROW Exploration Corp. (\"Arrow\" or the \"Company\") (TSXV: AXL), is pleased to announce it has entered into a 'costless collar' structure to hedge approximately 600 bbl/d of Brent oil for the period June 1 to December 31, 2019. The 'costless collar' has a floor price of US $65 per barrel and a ceiling price of US $71 per barrel. This hedging structure provides a floor price of US $65 for 18,000 barrels of oil per month for the 7-month period June 1 to December 31, 2019 which represents approximately 35% of Arrow's current corporate production.\nUpdated Corporate Presentation\nArrow is also pleased to announce that it has updated its corporate presentation available on its website at www.arrowexploration.ca\nAbout ARROW Exploration\nArrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy S.A.) is a publicly-traded company with a portfolio of premier Colombian oil assets that are under-exploited, under-explored and offer high potential growth. The Company's business plan is to rapidly expand oil production from some of Colombia's most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins. Arrow's seasoned team is led by a hands-on and in-country executive team supported by an experienced board.  Arrow is listed on the TSX Venture Exchange under the symbol \"AXL\".\nNeither the TSX Venture Exchange (TSXV) nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.\nThis press release contains certain forward-looking statements within the meaning of applicable ...