Arrow Exploration Corp.

Arrow Exploration Corp. is pleased to provide an update to shareholders on several key corporate developments, as well as an update on recent developments in Colombia. Intention to List on AIM Market The Company announces its intention to seek a dual listing through an admission of its common shares to trading on the AIM market of the London Stock Exchange . The Company intends to concurrently pursue a private placement [...]

Arrow Exploration Corp. is pleased to announce the filing of its 2020 year-end audited Financial Statements and MD&A, and the filing of its 2020 year-end reserve report, all of which are available on SEDAR . FINANCIAL AND OPERATING HIGHLIGHTS Three months ended December 31, 2020 Year ended December 31, 2020 Three months ended December 31, 2019 Year ended December 31, 2019 Total natural gas and crude oil revenues, net of [...]

Arrow Exploration Corp. is pleased to provide an update with respect to the potential for natural gas production from the Company's 03-26-52-23W5 well located at West Pepper, Alberta. Potential for Production from West Pepper Well, Alberta Arrow is evaluating the potential for the tie-in of behind-pipe natural gas from the 03-26-52-23W5 exploration well located at West Pepper, Alberta during Q3 2021. The Company expects [...]

Arrow Exploration Corp. is pleased to provide an update with respect to the re-start of oil production at the Capella Field, located in the Caguan-Putumayo Basin, Colombia, and an update on corporate production. Re-Start of Production at Capella Field Arrow, through its wholly-owned subsidiary Carrao Energy S.A. , holds a 10% working interest in the Ombu Block, which contains the Capella Field . Capella is located within [...]

Arrow Exploration Corp. is pleased to announce a summary of its year-end reserve report for the year ended December 31st, 2020. The Company expects to file the Reserve Evaluation Report on SEDAR concurrently with the filing of its 2020 year-end Financial Statements and Management Discussion & Analysis. Highlights The Company's Reserve Evaluation Report for the year ended December 31st, 2020 has been prepared by Boury [...]

Arrow Exploration Corp. announces that effective February 16th, 2021, it has appointed Mr. Bob Petryk as the Company's Manager of Operations. Mr. Petryk has been with the Company since its formation and has been a key contributor to Arrow's successful drilling program in Colombia. Bob has also led the Company's annual reserve review and compilation process, together with Arrow's independent reserve engineers. Mr. Petryk [...]

Arrow Exploration Corp. is pleased to announce the closing of the arm’s length disposition of the LLA-23 Block to COG Energy Ltd. , as previously announced by the Company on August 24th, 2020. The gross proceeds from the Transaction, including customary closing adjustments, were approximately US$12 million. The closing of the Transaction marks a significant step forward in Arrow’s strategic alternatives process . The [...]

Arrow Exploration Corp. and Petrolco S.A. , the Company’s partner on the Tapir Block in the Llanos Basin, are pleased to announce the re-start of oil production from the Rio Cravo Este-1 well. The partners agreed to re-start production from RCE-1 due to the increased prices of Brent crude oil and following negotiations with certain vendors to lower field operating costs related to RCE-1. The agreement to re-start [...]

Arrow Exploration Corp. is pleased to announce the filing of its unaudited Financial Statements and MD&A for the quarter-ended September 30th, 2020, which are available on SEDAR . The financial and operating highlights for the quarter include the following: FINANCIAL AND OPERATING HIGHLIGHTS Three months ended September 30, 2020 Nine months ended September 30, 2020 Three months ended September 30, 2019 Total natural gas [...]

Arrow Exploration Corp. announces that its subsidiary, Carrao Energy S.A. , has entered into an agreement with respect to a bridge loan , the proceeds of which will assist the Company in meeting its near-term financial obligations and provide it with additional working capital as it moves towards the anticipated closing of the sale of the LLA-23 Block . The key terms of the Bridge Loan are summarized below. The Bridge [...]