Positive news from two wells underpins the estimated valuation of Arrow Exploration Corp (LON: AXL) and makes the shares of the oil and gas producer look attractive. There is money in the bank and next year significant cash will be generated from operations.
Arrow Exploration is traded on the TSX Venture Exchange as well as AIM, which it joined in November 2021 when it raised £8.8m at 6.25p/share. At that time, production was modest, but it has been building up since then and oil prices area...
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