Arrow Exploration Corp. (LSE:AXL) announced successful production from two horizontal wells, AB HZ4 and AB HZ5, in the Alberta Llanos field, contributing to total corporate production of 4,600 to 4,800 barrels of oil equivalent per day (boe/d) net. The company remains financially robust with no debt and a cash balance of $13.5 million, providing flexibility for its drilling and exploration programs. This drilling success supports ongoing development plans, with Arrow actively reviewing its schedule to optimize production growth amid changing market conditions.
About Arrow Exploration Corp.
Arrow Exploration Corp. is an oil-focused company operating primarily in Colombia through its subsidiary Carrao Energy S.A. It concentrates on expanding production across key basins including Llanos, Middle Magdalena Valley, and Putumayo. With significant interests linked to Brent light oil pricing and low royalty rates, the company is positioned for strong operating margins and growth potential.
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