Arrow Exploration Corp. (LSE:AXL) has successfully brought four wells online in the Tapir Block of Colombia’s Llanos Basin, where the company holds a 50% stake. The wells—AB-3, CN HZ12, CN HZ13, and RCE HZ10—are now contributing to a total production exceeding 4,800 barrels of oil equivalent per day.
The company benefits from a debt-free balance sheet, providing flexibility for ongoing exploration and development activities. Arrow is prioritizing low-risk exploration to expand reserves and build its drilling inventory, with further well plans underway in the Mateguafa Oeste field. These initiatives are expected to enhance production capabilities and strengthen the company’s presence in Colombia’s oil sector.
Company Overview
Arrow Exploration Corp. is a publicly listed company operating in Colombia through its subsidiary Arrow Exploration Switzerland GmbH. The company focuses on increasing oil output across Colombia’s major basins, including the Llanos, Middle Magdalena Valley, and Putumayo. Arrow holds a portfolio of underexplored and underdeveloped assets with high growth potential, and its shares trade on the AIM of the London Stock Exchange and the TSX Venture Exchange under the symbol ‘AXL’.
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