GENERAL TEXT AMENDMENT The following amendments have been made to the 'Arrow Announces Q1 2024 Interim Results' announcement released on 30 May 2024 at 12:00am . The Company quoted the Q1 2022 production figures rather than Q1 2023 figures for the purposes of comparison. This was a typographical error and has been amended as per the below. The original announcement read "Average corporate production up 139% to 2,730 boe/d [...]
Arrow Exploration Corp. , the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, announces the filing of its Interim Condensed Consolidated Financial Statements and Management's Discussion and Analysis for the three months ended March 31, 2024 which are available on SEDAR and will also be available shortly on Arrow's website at www.arrowexploration.ca. Q1 2024 Highlights: Recorded [...]
Arrow Exploration Corp. CEO Marshall Abbott discusses the first horizontal well at the company's Tapir project in Columbia after it spud the CNB HZ-1 well. Abbott said the successful spudding of the well followed extensive planning and reservoir simulations that have been carried out over the past year. The company has leveraged expertise amounting to 400 horizontal wells of experience. He said the horizontal drilling is [...]
Arrow Exploration Corp. , the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce the spud of the Carrizales Norte B pad Horizontal Well 1 on the Tapir Block in the Llanos Basin of Colombia. The CNB HZ-1 well will develop the Ubaque formation which has been successfully delineated by the CN Q1 2024 well program. The CNB HZ-1 well is expected to be drilled to a [...]
A. Alshinbayev reports the acquisition of common shares of Arrow Exploration Corp. . On May 3, 2024, Mr. Alshinbayev purchased 48,046,402 Common Shares in an open market purchase on the TSX at a price of $0.317 per Common Shares , for aggregate consideration of approximately $15,243,922.19 . Immediately prior to the Purchase Transaction, Mr. Alshinbayev did not own or exercise control or direction over any Common Shares [...]
Arrow Exploration Corp. , the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce a stock options grant. Stock Options Grant The Company has granted 9,843,887 stock options to Directors, executives and employees, pursuant to the Company's Stock Option Plan . The Plan is intended to assist in attracting, retaining, engaging and rewarding directors, officers and [...]
Significant growth across key metrics including 79% increase in total revenue, increase in production of 61% and healthy cash position Arrow Exploration Corp. the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, announces the filing of its Annual Audited Financial Statements and Management's Discussion and Analysis for the quarter and year ended December 31, 2023 and the filing of [...]
Arrow Exploration Corp. , the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, announces the exercise of options by two Directors. Arrow announces that the following directors exercised 416,667 options for common share of no par value . A summary of the options exercised is as follows: Options Exercised Strike Price Market Price at Exercise Ravi Sharma 83,334 CAD 0.26 CAD 0.40 Grant [...]
BEFORE TAX NPV-10 VALUES INCREASED 133 % FOR 1P AND 120 % FOR 2P RESERVES, 1P AND 2P RESERVE REPLACEMENT RATIO WAS 340 % AND 621 % RESPECTIVELY Arrow Exploration Corp. is pleased to announce the results of its 2023 year-end reserves evaluation by Boury Global Energy Consultants Ltd. and an operations update. All reserves volume figures stated below are on a Working Interest Gross Reserve basis. Currency amounts are in [...]
Ubaque formation at Carrizales Norte continues to exceed expectations Arrow Exploration Corp. , the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an update on activity on the Tapir Block in the Llanos Basin of Colombia in which the Company has a 50% beneficial working interest. CN-4 Well The CN-4 well was spud on January 17, 2024, and reached target depth on [...]
Arrow Exploration Corp. , the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to give an operations update and report the exercise of options by a Director and PDMR. Carrizales Norte Update The Petroworks 1,500-horsepower rig has arrived at the Carrizales Norte field in the Tapir block and is currently being erected. Arrow expects the CN-4 well, targeting the Ubaque [...]
RCE-7 and RCE-8 C7 on production Arrow Exploration Corp. , the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an update on operations and provide guidance moving into 2024. CORPORATE & 2024 BUDGET The Company exited 2023 with a production rate exceeding 3,200 boe/d net. Arrow's Board of Directors has approved the 2024 work program, which includes 15 wells and [...]
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