facebook
linkedin
twitter
About Us
  • BFSI
  • Energy
  • Infocom
  • Mining
  • Venture
  • Industry
  • Travel
  • Civic
  • Food, Health, Ag
  • Real Estate
  • Responsibility
  • Economy
  • Law & Justice
  • Interview
  • Analysis
Oil Pump Courtesy Kobiecanka - Pixabay

Amid Cash Crunch & Depressed Share Value, A Board Shakeup At Arrow Exploration

Posted On February 11, 2020
By : Loren Moss
Comment: 0
Tag: adrienne o'reilly, amarok energy, anthony zaidi, arrow exploration, brian hearst, briko energy, british gas, bvc, bvc: cne.c, Canacol Energy, canadian occidental, carrao energy, colombia, drako energy, energy, eric van enk, exxon, farleigh dickinson university, gustavo antonio dajer barguil, ikkuma energy, imperial oil, james mcfarland, Juan Carlos Salazar, juan pablo collazos, london aim exchange, luis baena, manitok energy, mauricio nuñez restrepo, nexen, otcqx: cnnef, pieriday energy, ravi sharma, steven smith, talisman, tim de freitas, tsx venture exchange, tsx: cne, tsxv, TSXV: AXL, united nations

Toronto Based Arrow Exploration Corp. (TSXV: AXL), parent company of Colombian Carrao Energy has announced new board appointments, after the resignation of two board members and the corporate secretary 3 weeks ago. James McFarland and Steven Smith resigned from the oil & gas explorer’s board of directors, and Adrienne O’Reilly resigned as corporate secretary. VP Exploration Juan Pablo Collazos and VP Finance & Investor Relations Eric Van Enk have also separated from the company.

The company, trading at 17 cents per share on the TSX Venture Exchange, is down from a 52-week high of 52 cents per share. The firm had to renegotiate its debt and postpone payment of $5 million USD due Canacol Energy Ltd. (TSX: CNE, BVC: CNE.C, OTCQX: CNNEF). Late last year, Arrow announced that it was exploring strategic alternatives “including: a sale, merger or other business combination; a disposition of all or certain assets of Arrow Exploration.”

Last week, the firm announced that Tim de Freitas, Gustavo Antonio Dajer Barguil and Brian Hearst, have been appointed to the board of directors, and Mauricio Nuñez Restrepo has been appointed as corporate secretary. The board of directors now consists of Ravi Sharma, Juan Carlos Salazar, Dr. Luis Baena, Anthony Zaidi, Tim de Freitas, Gustavo Antonio Dajer Barguil and Brian Hearst.

Tim de Freitas was a co-founder, and CEO of Ikkuma Energy in 2014 and grew that company until its merger with Pieridae Energy in late 2018. He is currently a director of Pieridae Energy and Briko Energy. Before that he was cofounder, Vice President, Exploration, and COO at Manitok Energy until October 2013. He also was COO of Drako Energy and Amarok Energy for several years, and he managed producing and nonproducing assets in Colombia and the western US. Prior to that, he held various technical and managerial roles at Talisman, Nexen, Canadian Occidental, British Gas and Exxon/Imperial Oil.

Colombian lawyer Gustavo Antonio Dajer Barguil ‎is a former diplomat with the Colombia Mission to The United Nations in New York and the former Consul General of Colombia in London, England. He holds a Master of Administrative Science from Fairleigh Dickinson University.

Brian Hearst is a chartered accountant with two decades of experience as CFO with various energy companies. He has also been a team member in several public listing projects: for TSX and TSXV, London AIM Exchange, and the BVC in Colombia.

Oil Pump Courtesy Kobiecanka – Pixabay

DON'T MISS OUT: The only English-language Colombia news that's strictly business, markets, & investment!
Join global executives & investors by subscribing to our FREE weekly updates
I agree to have my personal information transferred to MailChimp ( more information ) DISCLAIMER: Protección de Datos Personales Artículo 15 de la Constitución Política de Colombia, ley 1581 de 2012 y decreto 1377 de 2013.
We will never spam you or share your email address ¡Nunca Jamás!

Share the news!

  • Facebook
  • Twitter
  • Print
  • WhatsApp
  • LinkedIn
  • Skype

Related

Share your thoughts:

comments

About the Author
Loren Moss is the founder and publisher of Finance Colombia. He has over 20 years of international business experience, including over a decade of experience in securities, insurance, and commercial real estate, at the institutional and international level.
  • google-share
Previous Story

Shell & Ecopetrol Sign Deal To Develop Offshore Colombian Gas

Next Story

Frontera Energy Strikes Oil In Colombia’s Lower Magdalena Valley

Related Posts

Grand Bahamas photo © Loren Moss
0

Bahamas Seeks Air Connectivity With Colombia

Posted On May 18, 2022
, By Loren Moss
Roberto Kriete, avianca's main shareholder and chairman of the Board of Directors.
0

Shareholders Of Viva, Avianca & Gol Announce The Creation Of Abra Group To Dominate South American Skies

Posted On May 11, 2022
, By Loren Moss
Colombia’s attorney general charged Russian national Sergein Vagin and six other people
0

Alleged Russian Spy Charged…With Running A Gambling Mafia

Posted On April 12, 2022
, By Loren Moss

You must log in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.





Search

RECENT

POPULAR

COMMENTS

The World’s 50 Best Restaurants today reveals Leonor Espinosa of Leo, Bogotá, as the 2022 winner of The World’s Best Female Chef Award, sponsored by Nude Glass

Colombian Leonor Espinosa Named "World's Best Female Chef"

Posted On May 18, 2022
Grand Bahamas photo © Loren Moss

Bahamas Seeks Air Connectivity With Colombia

Posted On May 18, 2022
Roberto Kriete, avianca's main shareholder and chairman of the Board of Directors.

Shareholders Of Viva, Avianca & Gol Announce The Creation Of Abra Group To Dominate South American Skies

Posted On May 11, 2022
Colombia’s attorney general charged Russian national Sergein Vagin and six other people

Alleged Russian Spy Charged…With Running A Gambling Mafia

Posted On April 12, 2022

Viva Launches Nonstop Routes To Buenos Aires, Argentina From Medellín & Bogotá, Colombia

Posted On April 12, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020

Court Blocks Colombia’s $370 Million USD Emergency Loan To Bankrupt Avianca Airlines

Posted On September 12, 2020

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Posted On September 10, 2020

AVIANCA IS BANKRUPT

Posted On May 10, 2020

[…] damn what she said. She and...

Posted On April 4, 2022

[…] by short sellers seeking to...

Posted On March 22, 2022

[…] no longer travel freely...

Posted On March 8, 2022

[…] Duque’s administration will...

Posted On March 8, 2022

[…] See also: 13 Police Injured In...

Posted On March 3, 2022

Watch This!

Consider Advertising With Us

Click here to visit Expat Group's English site

Subscribe Free

don't forget to include "http://"
* = required field
Your Background / Function








unsubscribe from list

RECENT

POPULAR

COMMENTS

The World’s 50 Best Restaurants today reveals Leonor Espinosa of Leo, Bogotá, as the 2022 winner of The World’s Best Female Chef Award, sponsored by Nude Glass

Colombian Leonor Espinosa Named "World's Best Female Chef"

Posted On May 18, 2022
Grand Bahamas photo © Loren Moss

Bahamas Seeks Air Connectivity With Colombia

Posted On May 18, 2022
Roberto Kriete, avianca's main shareholder and chairman of the Board of Directors.

Shareholders Of Viva, Avianca & Gol Announce The Creation Of Abra Group To Dominate South American Skies

Posted On May 11, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Posted On September 10, 2020

[…] damn what she said. She and...

Posted On April 4, 2022

[…] by short sellers seeking to...

Posted On March 22, 2022

[…] no longer travel freely...

Posted On March 8, 2022

Watch This!

Contact Us (Click the image):

Pages

  • About Us
  • Colombia Events, Conferences, Festivals and Important Dates
  • Contact Us
  • main
  • Media Partnerships
  • Privacy Policy
  • Search Results
  • Whatsapp test page
Copyright 2014-2020 Finance Colombia All Rights Reserved. We may earn commissions from qualifying purchases.
Posting....
WhatsApp us