Production zones identified Arrow Exploration Corp. , the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an update on the drilling of Rio Cravo Este-3 , an appraisal well on the Tapir Block in the Llanos Basin of Colombia, and is providing an operations update. RCE-3 Update The RCE-3 well reached total depth on February 16, 2023. RCE-3 is location within the [...]
Arrow Exploration Corp. , the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an operations update including its 2023 capital budget, and changes in total voting rights . Operations Update Drilling Rig Arrives at Rio Cravo Este Multiwell Pad The contracted 1,500 HP drilling rig has arrived at the multiwell pad at Rio Cravo Este . Arrow is poised to spud the [...]
Arrow Exploration Corp. , the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an operations update and report on the granting and exercise of options by certain Directors and PDMRs. Operations Update Drilling Rig Mobilized to Rio Cravo Este Multiwell Pad Arrow has initiated the drilling rig move to Rio Cravo Este to further exploit the Carbonera Sandstone [...]
Arrow Exploration Corp. announces the filing of its unaudited interim Financial Statements and Management's Discussion and Analysis for the quarter ended September 30, 2022, which are available on SEDAR . All dollar figures are in U.S. dollars, except as otherwise noted. Highlights: The Third Quarter has been the best quarter in the Company's history generating record cashflow from operations and a threefold increase in [...]
Arrow Exploration Corp. , the oil and gas exploration and production company with key interests in basins in Colombia and Canada, announces that an application has been made to the London Stock Exchange for a block listing of securities in respect of 40,000,000 Common Shares to be admitted to trading on AIM. It is expected that admission will become effective on or around November 8, 2022. The New Common Shares will be [...]
Arrow Exploration Corp. , is pleased to provide an operations update. Operations Update Canadian operations East Pepper tie-in Following reporting of successful testing of the East Pepper well in September, the Company is now pleased to confirm the tie-in has been completed, and production began on October 25th Initial rate was 7.6 mmcf/d or approximately 1,260 boe/d The well has been choked back to produce at 6 mmcf/d or [...]
Application being made for additional 476,190 common shares Arrow Exploration Corp. , the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, announces that pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 476,190 new common shares of no par value . The application is being made for 476,190 new Common Shares to be admitted to trading [...]
Arrow Exploration Corp. , is pleased to provide an operations update. Operations Update Rigs and equipment are currently moving into place for the Q4 tie in, workover and drilling program. East Pepper tie-in All licences and approvals have been received Tie-in work began on September 28 Production expected to begin by the end of October Expected IP rate of 1,000 boe/d and the Company expects typical production declines [...]
Arrow Exploration Corp. , announces the issuance of a total of 2,250,000 stock options , pursuant to the Company's Stock Option Plan to certain Directors as detailed below. 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 [...]
Well tested higher gas flow rate than expected Arrow Exploration Corp. is delighted to announce the results of the East Pepper well testing on the Pepper Block in the Alberta, Canada. The 100 per cent working interest East Pepper well was tested before tie-in activities began on August 30, 2022. The East Pepper well is a horizontal multi-stage fractured well producing from the Montney zone on the Pepper block. The well [...]
Arrow Exploration Corp. announces the filing of its unaudited interim Financial Statements and Management's Discussion and Analysis for the quarter ended June 30, 2022, which are available on SEDAR . All dollar figures are in U.S. dollars, except as otherwise noted. The first six months of 2022 saw the Company deploy the capital it raised at the time of its Admission to AIM on a successful two well drilling campaign at [...]
Drilling success and Colombian oil prices resulted in a 164% increase in 1P NPV, 79% increase in 2P NPV and 3P NPV increased by 67%, 2P reserve replacement ratio was 219% Arrow Exploration Corp. , is pleased to provide an operations update and announce the results of the 2022 mid-year reserve evaluation by Boury Energy Consultants Ltd. as at 30 June 2022. Highlights Proved Reserves: PDP reserves increased 25% to 1.292 [...]