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 [...]
Arrow Exploration Corp. announces the issuance of 3,944,000 stock options pursuant to the Company’s Stock Option Plan . The Plan is intended to assist in attracting, retaining, engaging and rewarding directors, officers, employees and consultants of the Company, provide additional incentive to these people for their efforts on behalf of the Company, and to align with the enhancement of shareholder value. Under the Plan [...]
Arrow Exploration Corp. is pleased to announce the filing of its unaudited Financial Statements and MD&A for the quarter-ended June 30th, 2020, which are available on SEDAR . FINANCIAL AND OPERATING HIGHLIGHTS Three months ended June 30, 2020 Six months ended June 30, 2020 Three months ended June 30, 2019 Total natural gas and crude oil revenues, net of royalties 896,011 4,744,491 7,525,728 Funds flow from operations [...]
Arrow Exploration Corp. is pleased to announce the sale of its LLA 23 Block , located in the Llanos Basin, Colombia, to COG Energy Ltd. . Highlights of the Transaction Arrow will sell LLA-23 to COG, subject to the approval of the license transfer by the ANH, for gross cash consideration of up to US$12 million . The Transaction marks a significant step forward in Arrow’s strategic alternatives process . The Strategic [...]
Arrow Exploration Corp. is pleased to announce the filing of its unaudited Financial Statements and MD&A for the quarter-ended March 31st, 2020, which are available on SEDAR . FINANCIAL AND OPERATING HIGHLIGHTS Three months ended March 31, 2020 Three months ended March 31, 2019 Total natural gas and crude oil revenues, net of royalties 3,848,480 6,008,640 Funds flow from operations 980,952 Per share – basic and diluted [...]
Arrow Exploration Corp. provides the following corporate update. Due to logistics and delays caused by the COVID-19 virus, Arrow is relying on the exemption provided in Alberta Blanket Order 51-517 Temporary Exemption from Certain Corporate Finance Requirements of the Alberta Securities Commission and similar exemptions provided by the other securities commissions to postpone the filing of the following continuous [...]
Arrow Exploration announces an update to its proposed non-brokered private placement of 13,000,000 common shares of the Company at a price of CAD$0.025 per share for gross proceeds of CAD$325,000, as well as the proposed grant of options and strategic review. As previously announced by the Company on May 23rd, 2020, the proposed Private Placement will be subscribed for by certain consultants and insiders of the Company in [...]
At the request of IIROC, Arrow Exploration wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity. Arrow is a publicly-traded company with a portfolio of premier Colombian oil assets that are under-exploited, under-explored and offer high potential growth. Neither TSX Venture Exchange nor its Regulation [...]
Arrow Exploration Corp. is pleased to announce the filing of its 2019 year-end audited Financial Statements and MD&A, and the filing of its 2019 year-end reserve report, all of which are available on SEDAR . FINANCIAL AND OPERATING HIGHLIGHTS Three months ended December 31, 2019 Year ended December 31, 2019 Three months ended December 31, 2018 Year ended December 31, 2018 Total natural gas and crude oil revenues, net of [...]
Arrow Exploration Corp. is pleased to provide the following corporate update. Due to logistics and delays caused by the COVID-19 virus, Arrow is relying on the exemption provided in Alberta Blanket Order 51-517 Temporary Exemption from Certain Corporate Finance Requirements of the Alberta Securities Commission and similar exemptions provided by the other securities commissions to postpone the filing of the following [...]